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 —^F1

(a)the receipts are in respect of the provision of qualifying care,^F2

(b)they accrue to the individual during the income period for those receipts (see subsection (3)), and^F3

(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(2)Repealed^F4

(3)... the income period is the tax year.^F5

(4)Subsections (5) and (6) apply if—^F6

(a)the receipts would otherwise be brought into account in calculating the profits of a trade, and^F6

(b)the profits of the trade are required under section 24A to be calculated on the cash basis.^F7F6

(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.^F6F8

(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.^F6