Part 7Income charged under this Act: rent-a-room and F1qualifying care relief
Chapter 2F2qualifying care relief
Pt. 7 Ch. 2 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. 29 (with Sch. 1 para. 37)
Overlap profit
828Overlap profit
1
This section applies if the profits or losses of a trade for a tax year are calculated in accordance with section 813, 816, 822 or 823.
2
Nothing in this Chapter is to be read—
a
as preventing a deduction for overlap profit under section 205 or 220 in calculating the profits or losses of the trade for the tax year, or
b
as preventing overlap profit from arising by reference to profits of the trade calculated for the tax year in accordance with section 816 or 823 (alternative calculation of profits).
3
“Overlap profit” has the same meaning in this section as it has in Chapter 15 of Part 2 (see F3sections 204 and 204A).
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)