Income Tax (Trading and Other Income) Act 2005

[F1783BOExclusion from relief: payments by firmU.K.
This adran has no associated Nodiadau Esboniadol

No relief under this Chapter is given to an individual for a tax year if—

(a)the individual has relevant property income for the tax year, and

(b)the income includes a payment made by, or on behalf of, a firm at a time when the individual is—

(i)a partner in the firm, or

(ii)connected with a partner in the firm.]

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