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Contents

Official guidance
Business Income Manual

BIM84000 · Averaging

  • BIM84001 · Introduction
  • BIM84050 · Who can claim
  • BIM84055 · Farmers
  • BIM84060 · Creative works
  • BIM84100 · Checklist
  • BIM84115 · Which years may be averaged
  • BIM84120 · Profits for the purpose of averaging
  • BIM84130 · When profits can be averaged
  • BIM84135 · Marginal relief
  • BIM84140 · Successive claims
  • BIM84145 · Giving effect to a claim
  • BIM84150 · Amendments to profits - reasons other than averaging - averaging claim in place
  • BIM84155 · Claims: time limit
  • BIM84160 · Claims to other reliefs
  • BIM84165 · Postponement of payment of tax and interest
  • BIM84170 · Adjustments to reliefs
  • BIM84185 · Partnerships
  • BIM84210 · Example of a two year claim
  • BIM84220 · Example of a five year claim
  • BIM84230 · Example of amendments to profits following averaging
  • BIM84240 · Example of amendment to profit without averaging
  • BIM84250 · Example of a two year claim with loss cap restriction
  1. Averaging: contents
  2. Averaging: successive claims

BIM84140 | Averaging: successive claims

From HM Revenue & Customs · Business Income Manual

S222(2), (3), S222A(3), (4) Income Tax (Trading and Other Income) Act 2005

A year can be averaged more than once under either two-year or five-year claims.

Examples of these are given at BIM84210 onwards.

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