Part 13

Tax avoidance
Chapter 5

Avoidance involving trading losses

Individuals in partnership claiming relief for licence-related trading losses

Charge to tax on income treated as received under section 805
804
1
Income tax is charged on income treated as received by an individual under section 805.
2
Tax is charged under this section on the amount of the income treated as received in the tax year.
3
The person liable for any tax charged under this section is the individual treated as receiving the income.