Part 7Income charged under this Act: rent-a-room and F1qualifying care relief
Annotations:
Amendments (Textual)
Chapter 1Rent-a-room relief
Alternative calculation of profits if amount exceeds limit
795Alternative calculation of profits: introduction
Sections 796 to 798 (which provide for alternative methods of calculating profits) apply if—
a
an individual qualifies for rent-a-room relief for a tax year,
b
the individual's total rent-a-room amount for the tax year exceeds the individual's limit for the tax year, and
c
an election by the individual under section 800 has effect to apply the alternative method of calculating profits for the tax year.
Words in Pt. 7 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 34 (with Sch. 1 para. 37)