Section 783AH | Partial relief: alternative calculation of profits: introduction

An individual qualifies for partial relief for a tax year if—^F1

(a)the individual has relevant income for the tax year,^F1

(b)the relevant income exceeds the individual's trading allowance for the tax year, and^F1

(c)an election by the individual under section 783AM has effect for the tax year (election for partial relief).^F1