Section 112 | Meaning of “early tax year”

(1)Repealed

(2)Repealed

(3)Repealed

(4)Repealed

(5)Repealed

(6)In this Chapter “early tax year” means, in relation to an individual carrying on a trade—

(a)the tax year in which the individual first started to carry on the trade, or

(b)one of the next 3 tax years.