Section 794 Full rent-a-room relief: income chargeable under Chapter 8 of Part 5

(1)

This section applies if the individual has any rent-a-room receipts for the tax year which would otherwise be chargeable to income tax under Chapter 8 of Part 5 (income not otherwise charged).

(2)

For each agreement from which those receipts arise, the amount of—

(a)

those receipts arising in the tax year from the agreement, less

(b)

any expenses associated with them,

is treated as nil.

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)