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)

1. BIM86072

   Full relief applying
2. BIM86074

   Income from an excluded source
3. BIM86076

   Election for full relief not to apply (loss making trade)
4. BIM86078

   Claiming partial relief and using losses carried forward
5. BIM86080

   Capital allowances are treated the same as other expenses
6. BIM86082

   Individuals choose how to allocate the trading allowance
7. BIM86084

   Example: Partial relief for trading and miscellaneous income
8. BIM86086

   Creation of overlap relief when an individual claims partial relief in both years
9. BIM86088

   Example: Individual with income fluctuating around TMIA limit