Part 7Income charged under this Act: rent-a-room and qualifying care relief
Chapter 2qualifying care relief
Alternative calculation of profits if amount exceeds limit
815Alternative calculation of profits: introduction
Sections 816 and 817 (which provide for an alternative method of calculating profits) apply if—
(a)
an individual qualifies for F1qualifying care relief for a tax year,
(b)
the individual's total F2qualifying care receipts for the tax year exceed the individual's limit for the tax year,
(c)
sections 822 and 823 do not apply (accounting date for trade not 5th April), and
(d)
an election by the individual has effect to apply the alternative method of calculating profits for the tax year (see sections 818 and 819).