# Finance Act 2020, Paragraph 29


(1) Section 269ZF (“relevant trading profits” and “relevant non-trading profits”) is amended in accordance with this paragraph.
(2) In subsection (2)—
(a) for “ “relevant non-trading profits””, in both places it occurs, substitute “ “relevant non-trading income profits” ”,
(b) in paragraph (a), for “qualifying non-trading profits” substitute “ qualifying non-trading income profits ”, and
(c) in paragraph (b) for “non-trading profits deductions allowance” substitute “ non-trading income profits deductions allowance ”.
(3) In subsection (3), in the words before step 1, for “and qualifying non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”.
(4) In subsection (3), in paragraph (3) of step 1—
(a) for “and relevant non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”, and
(b) for “both” substitute “ each ”.
(5) In subsection (3), in paragraph (3) of step 2—
(a) for “and the qualifying non-trading profits” substitute “ , qualifying non-trading income profits and qualifying chargeable gains ”, and
(b) for “both” substitute “ each ”.
(6) In the heading, for “and “relevant non-trading profits”” substitute “ , “total relevant non-trading profits” etc ”.

---
Source: https://www.legislation.gov.uk/ukpga/2020/14/schedule/4/paragraph/29 (the official version)
Page: https://openlegislation.uk/finance-act-2020/schedule-4/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.