# Finance Act 2022, Paragraph 42: Income Tax Act 2007

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

(1) Section 66 (restriction on relief unless trade is commercial) is amended as follows.
(2) In subsection (2), omit “the basis period for”.
(3) In subsection (5), for “basis period”, in each place, substitute “tax year”.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/1/paragraph/42 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-42
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.