Related Commentary  Related HMRC Manuals

274A(1)  If for a tax year an individual has–

(a)a relievable amount in respect of a property business, or

(b)two or more relievable amounts each in respect of a different property business,

the individual is entitled to relief under this section for that year in respect of that relievable amount or (as the case may be) each of those relievable amounts.

274A(2)  An individual has a relievable amount for a tax year in respect of a property business if for that year the individual has any one or more of the following in respect of that business–

(a)a current-year amount;

(b)a current-year estate amount;

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