Section 815: Alternative calculation of profits: introduction
3024.This section is the first of five sections that provide for the alternative form of the relief. It is based on paragraph 11 of Schedule 36 to FA 2003.
3025.The alternative calculation form of the relief applies when the individual’s foster-care receipts exceed his or her limit.
3026.Unlike the full form of the relief the alternative calculation form applies only if the individual elects for it.
3027.As in the case of the full form of the relief (see the commentary on section 812) there are special rules for those who do not prepare trading accounts to 5 April. These are located later in the Chapter.
