F1PART 6AIncome charged under this Act: trading and property allowances

Annotations:
Amendments (Textual)
F1

Pt. 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

C1CHAPTER 1Trading allowance

Annotations:
Modifications etc. (not altering text)

Exclusions from relief

783APExclusion from relief: payments by firm

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

a

the individual has relevant 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.