Income Tax (Trading and Other Income) Act 2005 Explanatory Notes

Section 825: Carried forward unrelieved qualifying expenditure

3052.This section provides for the temporary suspension of allowances and charges in respect of pool expenditure during tax years when foster-care relief applies. It is based on paragraph 17 of Schedule 36 to FA 2003.

3053.Subsection (3) deals with the transition from a year when foster-care relief does not apply to a year when it does.

3054.Subsection (4) deals with the transition from a year when foster-care relief does apply to a year when it does not.

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