Full qualifying care relief is given where:
- Ìý
(a)ÌýÌýÌýÌý an individual qualifies for qualifying care relief for a tax year, and
- Ìý
(b)ÌýÌýÌýÌý the individual's total qualifying care receipts for the tax year do not exceed the individual's limit for the tax year1.
Modification of the rules for trading income
Special rules apply to deal with the situation where there is a change in the rate of qualifying care relief between tax years, and the accounting period forming the basis period spans more than one tax year2.
Following basis period reform, these modifications are largely obsolete as from 2024/25 under tax year basis, trading income is assessed
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Web page updated on 17 Mar 2025 14:06