There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Cross Heading: Elections.
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
(1)An individual may elect not to be given full relief for a tax year (see section 783BF).
(2)An election must be made on or before the first anniversary of the normal self-assessment filing date for the tax year for which the election is made.
(1)An individual may elect for partial relief to be given for a tax year if the individual's relevant property income for the tax year exceeds the individual's property allowance for the tax year (see section 783BH).
(2)An election must be made on or before the first anniversary of the normal self-assessment filing date for the tax year for which the election is made.]
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