F1PART 6AIncome charged under this Act: trading and property allowances
CHAPTER 1Trading allowance
Partial relief
783AHPartial relief: alternative calculation of profits: introduction
An individual qualifies for partial relief for a tax year if—
(a)
the individual has relevant income for the tax year,
(b)
the relevant income exceeds the individual's trading allowance for the tax year, and
(c)
an election by the individual under section 783AM has effect for the tax year (election for partial relief).