Section 788 Meaning of “total rent-a-room amount”
(1)
For the purposes of this Chapter an individual's “total rent-a-room amount” for a tax year is the total of—
(a)
the individual's rent-a-room receipts for the tax year, and
(b)
any relevant balancing charges for the tax year (see section 802).
(2)
In calculating the total rent-a-room amount, no deduction is allowed for expenses or any other matter.
Notes on Part 7
Textual amendments
- F1
Words in Pt. 7 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 34 (with Sch. 1 para. 37)