Part 7Income charged under this Act: rent-a-room and qualifying care relief
Chapter 1Rent-a-room relief
Alternative calculation of profits if amount exceeds limit
795Alternative calculation of profits: introduction
Sections 796 to 798 (which provide for alternative methods of calculating profits) apply if—
(a)
an individual qualifies for rent-a-room relief for a tax year,
(b)
the individual's total rent-a-room amount for the tax year exceeds the individual's limit for the tax year, and
(c)
an election by the individual under section 800 has effect to apply the alternative method of calculating profits for the tax year.