2950.This section determines the individual’s rent-a-room limit for the tax year. The “limit” is the maximum amount of rent-a-room income that is exempt from tax. It is based on paragraphs 5 and 6 of Schedule 10 to F(No 2)A 1992.
2951.Subsection (1) signposts to the section which sets out the full conditions that must be met to qualify for the full “basic amount”.
Commentary on Sections Part 7: Income charged under this Act: rent-a-room and foster-care relief Overview Section 789: The individual’s limit