485D Application (Chapter 2A)

This section provides that the provisions of the Chapter only apply to an individual for a tax year where —

• his or her adjusted income is equal to or greater than the income threshold amount, and
• where the specified reliefs used by the individual is equal to or greater than the relief threshold amount.

However, the Chapter (other than the carry-forward provisions in section 486F) will not apply where 20 per cent of the individual’s adjusted income is equal to or greater than the specified reliefs used by the individual in the tax year.

Relevant Date: Finance Act 2019