IntroductoryU.K.
16(1)Paragraphs 17 to 19 make provision for the application of the Capital Allowances Act 2001 (c. 2) (“CAA 2001”) in relation to—U.K.
(a)a relevant individual, and
(b)a relevant chargeable period of that individual.
(2)For this purpose, a “relevant individual” is an individual who, in a year of assessment, satisfies the conditions in sub-paragraphs (3) and (4).
(3)The first condition is that in the year of assessment the individual would, apart from this Schedule, have foster care receipts chargeable—
(a)under Case I or II of Schedule D as the profits of a trade, profession or vocation, or
(b)under Case VI of Schedule D as the profits of one or more foster care arrangements.
(4)The second condition is that—
(a)the exemption in paragraph 10 or (as the case may be) 15(2) applies to the individual for the year of assessment, or
(b)the individual has elected for the alternative method of calculating profits in paragraph 12, 13 or (as the case may be) 15(5) to apply to him for the year of assessment.
(5)A period is a “relevant chargeable period” of a relevant individual if—
(a)it is a chargeable period of the individual,
(b)it corresponds to an income period for the individual’s foster care receipts in a year of assessment, and
(c)that year of assessment is a year in which the individual satisfies the conditions in sub-paragraphs (3) and (4).