# Income Tax (Trading and Other Income) Act 2005, Section 783AA: “Relevant trade” of an individual


(1) For the purposes of this Chapter, a trade carried on by an individual is a “relevant trade” of the individual for a tax year if—
(a) the individual carries on the trade otherwise than in partnership, and
(b) the trade is not a rent-a-room trade in relation to the individual for the tax year.
(2) For the purposes of subsection (1)(b) a trade is a “rent-a-room trade” in relation to an individual for a tax year if—
(a) the individual qualifies for rent-a-room relief for the tax year, and
(b) the individual has rent-a-room receipts for the tax year which would, apart from Chapter 1 of Part 7 (rent-a-room relief), be brought into account in calculating the profits of the trade.
See section 783AR for definitions relevant to this subsection.
(3) In this Chapter references to a trade include references to a profession or vocation.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/783AA (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-783AA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.