PART 6A

Income charged under this Act: trading and property allowances
CHAPTER 1

Trading allowance

Full relief

Full relief: trade profits
783AF
1
This section applies if—
a
an individual qualifies for full relief for a tax year, and
b
the individual's relevant income for the tax year consists of or includes receipts of one or more relevant trades.
2
The profits or losses of each such trade for the tax year are treated as nil.
Pt. 6A Ch. 1 excluded (22.7.2020) by Finance Act 2020 (c. 14), Sch. 16 para. 4(4)
Pt. 6A inserted (16.11.2017) (with effect in accordance with Sch. 3 para. 13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 3 para. 1