PART 6A

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

Trading allowance

Partial relief

Partial relief: alternative calculation of profits: introduction
783AH
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).
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