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Income Tax (Trading and Other Income) Act 2005

Section 812: Full foster-care relief: introduction

3018.This section provides for the full form of the relief when the individual’s foster-care receipts do not exceed his or her limit. It is based on paragraph 10 of Schedule 36 to FA 2003.

3019.The reference to the limit is in terms that make it clear that foster-care receipts that equal the individual’s limit are within the full relief.

3020.The majority of foster carers who are trading prepare accounts to 5 April. There are special rules for those who do not, which are located later in the Chapter. Paragraph (c)xcludes such cases from the main full relief provisions and signposts the reader to the other relevant provisions.

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