Explanatory Notes

Income Tax (Trading and Other Income) Act 2005

2005 CHAPTER 5

24 March 2005

Commentary on Sections

Part 7: Income charged under this Act: rent-a-room and foster-care relief

Chapter 2: Foster-care relief
Section 826: Excluded capital expenditure

3055.This section prevents an allowance for capital expenditure incurred at a time when foster-care relief applies. It is based on paragraph 18 of Schedule 36 to FA 2003.