Section 783AF Full relief: trade profitsF1
(1)
This section applies if—
(a)
an individual qualifies for full relief for a tax year, and
(b)
the individual's relevant income for the tax year consists of or includes receipts of one or more relevant trades.
(2)
The profits or losses of each such trade for the tax year are treated as nil.
Annotations
Textual amendments
- F1
Pt. 6A inserted (16.11.2017) (with effect in accordance with Sch. 3 para. 13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 3 para. 1
Notes on Chapter 1
Modifications
- C1
Pt. 6A Ch. 1 excluded (22.7.2020) by Finance Act 2020 (c. 14), Sch. 16 para. 4(4)