Section 783AH Partial relief: alternative calculation of profits: introductionF1
An individual qualifies for partial relief for a tax year if—
(a)
the individual has relevant income for the tax year,
(b)
the relevant income exceeds the individual's trading allowance for the tax year, and
(c)
an election by the individual under section 783AM has effect for the tax year (election for partial relief).
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)