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


(1) Subject to subsection (3), for the purposes of this Chapter an individual's property business is a “relevant property business” for a tax year if the business is not a rent-a-room property business in relation to the individual for the tax year.
(2) For the purposes of subsection (1) a property business is a “rent-a-room property business” 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) all the receipts which would, apart from Chapter 1 of Part 7 (rent-a-room relief), be brought into account in calculating the profits of the business, are rent-a-room receipts.
See section 783BQ for definitions relevant to this subsection.
(3) If an individual receives—
(a) property income distributions which are treated as profits of a UK property business by virtue of regulation 69Z18(1) or (2) of the AIF Regulations (property AIF distributions: liability to tax), or
(b) distributions which are treated as profits of a UK property business by virtue of section 548(6) of CTA 2010 (REIT distributions: liability to tax),
that separate property business (see regulation 69Z18(6) of the AIF Regulations and section 549(5) of CTA 2010) is not a relevant property business of the individual.
(4) In subsection (3) “the AIF Regulations” means the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964).

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