BIM86070 - TMIA – Examples
The following provide examples of the TMIA in different scenarios
Example 1: Full relief applying (BIM86072)
Example 2: Income from an excluded source (BIM86074)
Example 3: Election for full relief not to apply (BIM86076)
Example 4: Claiming partial relief and using losses carried forward (BIM86078)
Example 5: Capital allowances are treated the same as other expenses (BIM86080)
Example 6: Individuals choose how to allocate the trading allowance (BIM86082)
Example 7: Partial relief for trading and miscellaneous income (BIM86084)
Example 8: Creation of overlap relief when an individual claims partial relief in both years (BIM86086)
Example 9: Individual with income fluctuating around TMIA limit (BIM86088)
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BIM86072Full relief applying
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BIM86074Income from an excluded source
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BIM86076Election for full relief not to apply (loss making trade)
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BIM86078Claiming partial relief and using losses carried forward
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BIM86080Capital allowances are treated the same as other expenses
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BIM86082Individuals choose how to allocate the trading allowance
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BIM86084Example: Partial relief for trading and miscellaneous income
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BIM86086Creation of overlap relief when an individual claims partial relief in both years
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BIM86088Example: Individual with income fluctuating around TMIA limit