800 Election for alternative method of calculating profits
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

800  Election for alternative method of calculating profits

(1)     An individual may elect for the alternative method of calculating profits given in sections 796 to 798 to apply if—

(a)     the individual qualifies for rent-a-room relief for a tax year, and

(b)     the individual's total rent-a-room amount for the tax year exceeds the individual's limit for the tax year.

(2)     The election—

(a)     must specify

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