# Finance Act 2022, Paragraph 46: Income Tax Act 2007

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

(1) Section 75 (trade leasing allowances given to individuals) is amended as follows.
(2) In subsection (5)—
(a) omit “the basis period for”;
(b) omit “(“the loss-making basis period”)”.
(3) In subsection (6), in each of paragraphs (a) and (b), for “loss-making basis period” substitute “tax year”.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/1/paragraph/46 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-1/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.