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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Relief if amount does not exceed limit

  • Section 791 Full rent-a-room relief: introduction
  • Section 792 Full rent-a-room relief: trading income
  • Section 793 Full rent-a-room relief: property income
  • Section 794 Full rent-a-room relief: income chargeable under Chapter 8 of Part 5
  1. Relief if amount does not exceed limit
  2. Full rent-a-room relief: trading income

Section 792 | Full rent-a-room relief: trading income

From legislation.gov.uk

(1)This section applies if the individual has any rent-a-room receipts for the tax year which would otherwise be brought into account in calculating the profits of a trade.

(2)The profits or losses of the trade for the tax year are treated as nil.

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