Income Tax (Trading and Other Income) Act 2005 (c. 5)

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

Chapter 2 U.K. Foster-care relief

Periods of account not ending on 5th April U.K.

822 Full relief U.K.

(1) This section applies if the individual's total foster-care receipts for the period of account do not exceed the individual's relevant limit for the period.

(2) The profits or losses of the trade for the tax year are treated as nil.