{
  "url": "https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-42",
  "json_url": "https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-42.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "schedule/1/paragraph/42",
  "kind": "paragraph",
  "number": "42",
  "heading": "Income Tax Act 2007",
  "text": "(1) Section 66 (restriction on relief unless trade is commercial) is amended as follows.\n(2) In subsection (2), omit “the basis period for”.\n(3) In subsection (5), for “basis period”, in each place, substitute “tax year”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/schedule/1/paragraph/42",
    "retrieved_at": "2026-10-29T08:57:50.927298+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}