Section 1025 Meaning of “modified net income”

any non-qualifying income included in the person's total income (see section 1026),

any relief under Chapter 2 of Part 4 for a loss incurred or treated as incurred, or a payment made, in a tax year later than year X,

any reliefs to which the person may be entitled under Chapter 4 of Part 8,

any adjustment of profits resulting from a claim under Chapter 16 of Part 2 of ITTOIA 2005 (averaging profits of farmers and creative artists), if year X is F1any earlier tax year in relation to which the claim is made,

any adjustment resulting from an election under section 257 of ITTOIA 2005 (election to carry back post-cessation receipts), and

any relief or adjustment resulting from the making, amendment or revocation of a claim for relief, if the claim, amendment or revocation would have been out of time but for section 224(4) of ITTOIA 2005 (averaging profits of farmers and creative artists: extension of deadline for claiming other reliefs).