# Income Tax (Trading and Other Income) Act 2005, Section 783BB: “Relievable receipts” of a property business


(1) For the purposes of this Chapter, the “relievable receipts” of an individual's relevant property business for a tax year are all the amounts which would, apart from this Chapter, be brought into account as a receipt in calculating the profits of the business for the tax year.
This is subject to subsections (2) and (3).
(2) If—
(a) the individual qualifies for rent-a-room relief for the tax year, and
(b) the individual has rent-a-room receipts for the tax year which would, apart from Chapter 1 of Part 7, be brought into account in calculating the profits of the property business,
the rent-a-room receipts are not relievable receipts of the business.
(3) Non-relievable balancing charges in respect of the property business for the tax year are not relievable receipts of the business.
(4) In subsection (3) “non-relievable balancing charges”, in respect of a property business for a tax year, means balancing charges falling to be made for the tax year under Part 2 of CAA 2001 which do not relate to a business or transaction which is carried on, or entered into, for the purpose of generating receipts which are relievable receipts of the property business.

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