Part 7Income charged under this Act: rent-a-room and F1qualifying care relief
Chapter 2F2qualifying care relief
Pt. 7 Ch. 2 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 29 (with Sch. 1 para. 37)
Periods of account not ending on 5th April
823Alternative method of calculating profits
1
This section applies if—
a
the individual's total F3qualifying care receipts for the period of account exceed the individual's relevant limit for the period, and
b
the individual makes an election under this section.
2
The profits of the trade for the tax year are—
a
the individual's total F4qualifying care receipts for the period of account, less
b
the individual's relevant limit for the period.
3
Sections 818(2) and (3) and 819 (adjustment of assessment) apply for the purposes of an election under this section as they apply for the purposes of an election under those sections.
Words in Pt. 7 heading substituted (16.12.2010) (with effect in accordance with Sch. 1 para. 36 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 1 para. 34 (with Sch. 1 para. 37)