Periods of account not ending on 5th April820Periods of account not ending on 5th April
Sections 822 and 823 (which deal with the period of account of a trade not ending on 5th April) apply if—
(a) an individual qualifies for foster-care relief for a tax year,
(b) the individual's foster-care receipts for the tax year are the receipts of a trade, and
(c) the period of account in which those receipts accrue does not end on 5th April in the tax year.
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.
Exempt Income92Income Tax Allowances, Deductions & Reliefs93Company Law & Business Entities92Personal Taxes93Companies & Corporate Bodies92Income Tax99Trading Income93Tax Law99