512 Available premium left for relevant transaction
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

512  Available premium left for relevant transaction

(1)     For the purposes of section 511(2), the amount of available premium left for a relevant transaction is the amount, if any, by which the available net allowable payments (see subsection (3)) exceed the available net total values for the year (see subsection (4)).

(2)     But the amount of available premium left for the relevant transaction is nil if—

(a)     one or more other relevant transactions

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