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

Chapter 2 U.K. Foster-care relief

Alternative calculation of profits if amount exceeds limit U.K.

816 Alternative calculation of profits: trading income U.K.

(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.