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

Chapter 2Foster-care relief

Alternative calculation of profits if amount exceeds limit

816Alternative calculation of profits: trading income

1

This section applies if the individual's foster-care receipts for the tax year are the receipts of a trade.

2

The profits of the trade for the tax year are—

a

the individual's total foster-care receipts for the tax year, less

b

the individual's limit for the tax year.