# Finance Act 2022, Paragraph 44: Income Tax Act 2007

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

In section 74 (restrictions on relief unless trade is commercial etc), in subsection (2)—
(a) in the words before paragraph (a), omit “the basis period for”;
(b) in paragraph (b), for “basis period” substitute “tax year”.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/1/paragraph/44 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-44
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.