Commentary

E1.701 Foster-care and other qualifying care relief—introduction

Personal and employment tax

E1.701 Foster-care and other qualifying care relief—introduction

Division E1.7     Foster-care, qualifying care and tax-free childcare relief

Prepared by
ALLAN SAUNDERS,

For updates affecting this Division please see Part E0 Updates

Foster-care and other qualifying care relief

E1.701 Foster-care and other qualifying care relief—introduction

The legislation described in this Division applies from 2005/06. It comprises provisions that were rewritten in ITTOIA 20051 as part of the Tax Law Rewrite Project. The provisions from which the rewritten provisions derive are included in the footnotes.

For 2003/04 and subsequent years2, receipts from foster caring are exempt if they are below a specified limit; where the limit is exceeded, the carer has the option to be taxed on the excess of receipts over the specified limit3. From 2010/11 onwards, the

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