# Income Tax (Trading and Other Income) Act 2005, Section 783AF: Full relief: trade profits


(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.

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