Part 7Income charged under this Act: rent-a-room and F1qualifying care relief
Annotations:
Amendments (Textual)
Chapter 1Rent-a-room relief
Individual's limit
789The individual's limit
1
For the purposes of this Chapter an individual's limit for a tax year depends on whether the individual meets the exclusive receipts condition for the tax year (see section 790).
2
If the individual does, the individual's limit for the tax year is the basic amount for the tax year.
3
If the individual does not, the individual's limit for the tax year is half that amount.
4
The basic amount for a tax year is F2£7500 .
5
The Treasury may by order amend the sum for the time being specified in subsection (4).
Words in Pt. 7 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 34 (with Sch. 1 para. 37)