Part 7

Income charged under this Act: rent-a-room and foster-care relief
Chapter 2

Foster-care relief

Periods of account not ending on 5th April

Alternative method of calculating profits
823
1
This section applies if—
a
the individual’s total foster-care receipts for the period of account exceed the individual’s relevant limit for the period, and
b
the individual makes an election under this section.
2
The profits of the trade for the tax year are—
a
the individual’s total foster-care receipts for the period of account, less
b
the individual’s relevant limit for the period.
3
Sections 818(2) and (3) and 819 (adjustment of assessment) apply for the purposes of an election under this section as they apply for the purposes of an election under those sections.