Related Commentary  Related HMRC Manuals

681AD(1)  The rules in subsection (3) apply to the calculation of the deduction by way of relevant income tax relief allowed in a relevant period–

(a)for the non-excluded element of the payment within section 681AA(1) or 681AB(1), or

(b)if there are two or more such payments, for the non-excluded elements of those payments.

681AD(2)  For the purposes of this section–

(a)in relation to a deduction within section 681AC(1)(a) “relevant period” means–

(i)a period of account of the trade, profession or vocation concerned, or

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