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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Exclusions from relief

  • Section 783BL Exclusion from relief: tax reduction under section 274A
  • Section 783BM Exclusion from relief: expenses deducted against rent-a-room receipts
  • Section 783BN Exclusion from relief: payments by employer
  • Section 783BO Exclusion from relief: payments by firm
  • Section 783BP Exclusion from relief: payments by close company
  1. Exclusions from relief
  2. Exclusion from relief: payments by firm

Section 783BO | Exclusion from relief: payments by firm

From legislation.gov.uk

No relief under this Chapter is given to an individual for a tax year if—

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

(b)the income includes a payment made by, or on behalf of, a firm at a time when the individual is—

(i)a partner in the firm, or

(ii)connected with a partner in the firm.

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