# Finance Act 2022, Paragraph 16: Part 2 (trading income)

Extent: E+W+S+N.I.

In section 240C (unrelieved qualifying expenditure: Parts 2, 7 and 8 of CAA 2001), in subsection (1)(b)—
(a) omit “the basis period for”;
(b) for “with that basis period” substitute “in that tax year”.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/1/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.