[F1783BFFull relief: property profitsU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)If an individual qualifies for full relief for a tax year, this section applies in relation to the calculation of the profits of the individual's relevant property business for the tax year or, where the individual's relevant property income for the tax year consists of the relievable receipts of two relevant property businesses, the profits of each property business for the tax year.
(2)The following are not brought into account—
(a)the relievable receipts of the property business for the tax year, and
(b)any expenses associated with those receipts.]
Textual Amendments
F1Pt. 6A inserted (16.11.2017) (with effect in accordance with Sch. 3 para. 13 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 3 para. 1