Part 7 Transitional Provision: Notional Businesses
Finance Act 2022 (2022 c 3) | Legislation

Part 7 Transitional Provision: Notional Businesses

Application of this Part of this Schedule

77

This Part of this Schedule applies in relation to a partner in a firm who—

(a)     is treated, in accordance with sections 854 to 855A of ITTOIA 2005, as carrying on a notional business in the tax year 2023–24, and

(b)     is not treated as having started or permanently ceased to carry on the notional business in that tax year.

Basis

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