Section 800 | Election for alternative methodof calculating profits

(1)An individual may elect for the alternative method of calculating profits given in sections 796 to 798 to apply if—

(a)the individual qualifies for rent-a-room relief for a tax year, and

(b)the individual's total rent-a-room amount for the tax year exceeds the individual's limit for the tax year.

(2)The election—

(a)must specify the tax year for which it is made, and

(b)has effect for that year and subsequent tax years (unless withdrawn by notice given by the individual).

(3)A notice of withdrawal of an election must specify the tax year for which it is given.The election ceases to have effect for that tax year and subsequent tax years.

(4)Withdrawal of an election does not prevent a fresh election from being made for a subsequent tax year.

(5)An election or notice of withdrawal must be made or given to the Inland Revenue on or before—

(a)the first anniversary of the normal self-assessment filing date for the tax year specified in the election or notice of withdrawal, or

(b)such later date as the Inland Revenue may, in a particular case, allow.

(6)If—

(a)an election would otherwise have effect for a tax year, but

(b)the individual's total rent-a-room amount for the tax year does not exceed the individual's limit for the tax year,

the individual is treated as giving a notice of withdrawal of the election which specifies that tax year as the one for which it is given (and the election, therefore, ceases to have effect for that tax year and subsequent tax years).