Income Tax (Trading and Other Income) Act 2005 Explanatory Notes

Section 807: Calculation of “total foster-care receipts”

3004.This section clarifies the meaning of a key term, “total foster-care receipts”. It is based on paragraph 5 of Schedule 36 to FA 2003.

3005.“Total foster-care receipts” is a key term because the level of an individual’s “total foster-care receipts” determines which form of relief the individual is entitled to: full relief or the alternative method of calculation.

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