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813Full foster-care relief: trading income

(1)    This section applies if the individual's foster-care receipts for the tax year would otherwise be brought into account in calculating the profits of a trade.

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

NOTES
Initial Commencement
Specified date

This Act comes into force on 6 April 2005 and has effect, for the purposes of income tax for the year 2005–06 and subsequent tax years, and for the purposes of corporation tax for accounting periods ending after 5 April 2005: see s 883; for transitional provisions and savings see Sch 2 hereto.
Miscellaneous Income91 Exempt Income94 Income Tax Allowances, Deductions & Reliefs93 Company Law & Business Entities92 Personal Taxes95 Calculation & Rates of Income tax96 Companies & Corporate Bodies92 Income Tax91 Trading Income95 Tax Law91

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