Section 112 Meaning of “early tax year”F2

United Kingdom

F1(1)

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(2)

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(3)

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(4)

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(5)

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(6)

In this Chapter “early tax year” means, in relation to an individual carrying on a trade—

(a)

the tax year in which the individual first started to carry on the trade, or

(b)

one of the next 3 tax years.

Annotations

F1: S. 112(1)-(5) repealed (retrospective to 6.4.2007) by Finance Act 2007 (c. 11), Sch. 4 paras. 13(a), 21, Sch. 27 Pt. 2(1)
F2: S. 112 heading substituted (retrospective to 6.4.2007) by Finance Act 2007 (c. 11), Sch. 4 paras. 13(b), 21