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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Partial relief

  • Section 783AH Partial relief: alternative calculation of profits: introduction
  • Section 783AI Partial relief: alternative calculation of trade profits
  • Section 783AJ Partial relief: alternative calculation of chargeable miscellaneous income
  • Section 783AK Deductible amount: splitting of trading allowance
  1. Partial relief
  2. Partial relief: alternative calculation of profits: introduction

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

From legislation.gov.uk

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

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

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

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

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