PART 6A

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

Trading allowance

Elections

Election for partial relief
783AM
1
An individual may elect for partial relief to be given for a tax year if the individual's relevant income for the tax year exceeds the individual's trading allowance for the tax year (see sections 783AI and 783AJ).
2
An election must be made on or before the first anniversary of the normal self-assessment filing date for the tax year for which the election is made.
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