Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Periods of account not ending on 5th April

  • Section 820 Periods of account not ending on 5th April
  • Section 821 Meaning of “relevant limit”
  • Section 822 Full relief
  • Section 823 Alternative method of calculating profits
  1. Periods of account not ending on 5th April
  2. Full relief

Section 822 | Full relief

From legislation.gov.uk

(1)This section applies if the individual's total qualifying care receipts for the period of account do not exceed the individual's relevant limit for the period.

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

PreviousNext
PrivacyTerms