SCHEDULES

F1F1F2Schedule 13B Children’s Tax Credit

Annotations:
Amendments (Textual)
F2

Sch. 13B inserted (with effect in accordance with s. 30(5) of the amending Act) by Finance Act 1999 (c. 16), s. 30(2), Sch. 3

Child living with more than one adult: married and unmarried couples

3

1

This paragraph applies if no part of either partner’s income for the year falls within section 1(2)(b).

2

If the lower-earning partner makes a claim for a children’s tax credit for the year in respect of a relevant child—

a

paragraph 2 above shall not apply, and

b

in calculating the credit for each partner, the amount mentioned in section 257AA(2) shall be halved.

F32A

If a relevant child is a qualifying baby the reference in sub-paragraph (2)(b) above to the amount mentioned in section 257AA(2) is to the higher amount applicable by virtue of subsection (2A) of that section.

3

If the partners make an election under this sub-paragraph—

a

paragraph 2 above shall not apply, and

b

the higher-earning partner shall not be entitled to a children’s tax credit for the year in respect of a relevant child.