SCHEDULES

SCHEDULE 3Trading and property allowances

PART 2Consequential amendments

ITTOIA 2005

11

In Part 2 of Schedule 4 (defined expressions)—

a

at the appropriate places insert—

individual's property allowance (in Chapter 2 of Part 6A)

section 783BD

individual's trading allowance (in Chapter 1 of Part 6A)

section 783AD

miscellaneous income (in Chapter 1 of Part 6A)

section 783AB

relevant income (in Chapter 1 of Part 6A)

section 783AC

relevant property business (in Chapter 2 of Part 6A)

section 783BA

relevant property income (in Chapter 2 of Part 6A)

section 783BC

relevant trade (in Chapter 1 of Part 6A)

section 783AA

relievable receipts (in Chapter 2 of Part 6A)

section 783BB

b

in the entry for “overlap profit”, for “section 204” substitute “ sections 204 and 204A ”.