{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-796",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-796.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/796",
  "kind": "section",
  "number": "796",
  "heading": "Alternative calculation of profits: trading income",
  "text": "(1) This section applies if the individual has any rent-a-room receipts for the tax year which are the receipts of a trade.\n(2) The profits of the trade for the tax year are—\n(a) the sum of the amount of the rent-a-room receipts for the tax year arising from the trade and the amount of any relevant balancing charge, less\n(b) the deductible amount.\n(3) The deductible amount—\n(a) is L if all the individual's rent-a-room receipts for the tax year arise from the trade, and\n(b) otherwise, is—\nL×TR\nbut, in either case, subject to a maximum of T.\n(4) In subsection (3)—\nL is the individual's limit for the tax year,\nT is the individual's rent-a-room receipts for the tax year arising from the trade, and\nR is all the individual's rent-a-room receipts for the tax year.\n(5) In calculating the amount of any rent-a-room receipts for the purposes of this section, no deduction is allowed for expenses or any other matter.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/796",
    "retrieved_at": "2026-10-29T09:16:32.370392+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}