Section 783BF | Full relief: property profits

(1)If an individual qualifies for full relief for a tax year, this section applies in relation to the calculation of the profits of the individual's relevant property business for the tax year or, where the individual's relevant property income for the tax year consists of the relievable receipts of two relevant property businesses, the profits of each property business for the tax year.

(2)The following are not brought into account—

(a)the relievable receipts of the property business for the tax year, and

(b)any expenses associated with those receipts.