Section 783AG Full relief: miscellaneous incomeF1

(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 miscellaneous income.

(2)

The amount of—

(a)

the miscellaneous income arising in the tax year, less

(b)

any expenses associated with that income,

is treated as nil.

Annotations

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

C1: Pt. 6A Ch. 1 excluded (22.7.2020) by Finance Act 2020 (c. 14), Sch. 16 para. 4(4)