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

CHAPTER 2Property allowance

Elections

783BKElection for partial relief

(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.