Section 783AA | “Relevant trade” of an individual

(1)For the purposes of this Chapter, a trade carried on by an individual is a “relevant trade” of the individual for a tax year if—

(a)the individual carries on the trade otherwise than in partnership, and

(b)the trade is not a rent-a-room trade in relation to the individual for the tax year.

(2)For the purposes of subsection (1)(b) a trade is a “rent-a-room trade” in relation to an individual for a tax year if—

(a)the individual qualifies for rent-a-room relief for the tax year, and

(b)the individual has rent-a-room receipts for the tax year which would, apart from Chapter 1 of Part 7 (rent-a-room relief), be brought into account in calculating the profits of the trade.

See section 783AR for definitions relevant to this subsection.

(3)In this Chapter references to a trade include references to a profession or vocation.