Income Tax (Trading and Other Income) Act 2005 section 783BE

Full relief: introduction

Section 783BE sets out the conditions under which an individual qualifies for full relief from income tax on their property income, where that income does not exceed the property allowance for the tax year.

• The individual must have relevant property income for the tax year in question.
• That property income must not exceed the individual's property allowance (currently £1,000) for the tax year.
• The individual must not have made an election to opt out of full relief for that tax year.
• Where all conditions are met, the property income is completely exempt from income tax.