[222A Circumstances in which claim for five-year averaging may be made]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[222A  Circumstances in which claim for five-year averaging may be made]

[(1)     An averaging claim may be made under this section in relation to five consecutive tax years in which a taxpayer is or has been carrying on the qualifying trade, profession or vocation if the volatility condition in subsection (2) is met.

(2)     The volatility condition is that—

(a)     one of the following is less than 75% of the other—

(i)     the average

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