Section 805 | Meaning of “qualifying care receipts”

(1)For the purposes of this Chapter an individual has qualifying care receipts for a tax year if —

(a)the receipts are in respect of the provision of qualifying care,

(b)they accrue to the individual during the income period for those receipts (see subsection (3)), and

(c)the receipts would otherwise be brought into account in calculating the profits of a trade or chargeable to income tax under Chapter 8 of Part 5 (income not otherwise charged).

(2)Repealed

(3)... the income period is the tax year.

(4)Subsections (5) and (6) apply if—

(a)the receipts would otherwise be brought into account in calculating the profits of a trade, and

(b)the profits of the trade are required under section 24A to be calculated on the cash basis.

(5)Any amounts brought into account under section 96A (capital receipts under, or after leaving, cash basis) as a receipt in calculating the profits of the trade are to be treated as receipts within paragraph (a) of subsection (1) above.

(6)The reference in subsection (1)(b) to receipts that accrue to an individual during the income period for those receipts is to be read as a reference to receipts that are received by the individual during that period.