Source: http://www.legislation.gov.uk/ukpga/2010/33/schedule/1?timeline=true
Timestamp: 2013-05-22 13:11:46
Document Index: 477173260

Matched Legal Cases: ['art 7', 'art 5', 'art 5', 'art 7', 'art 7', 'art 2', 'art 7', 'art 7', 'art 7', 'art 7', 'art 7']

Skip to main contentSkip to navigationlegislation.gov.ukThe National ArchivesHelpSite MapAccessibilityContact UsHomeAbout UsBrowse LegislationNew LegislationChanges to LegislationSearch LegislationSearch LegislationTitle: (or keywords in the title)Year:Number:Type:All Legislation (excluding draft)All Primary Legislation UK Public General Acts UK Local Acts Acts of the Scottish Parliament Acts of the National Assembly for Wales Measures of the National Assembly for Wales Church Measures Acts of the Northern Ireland Assembly Acts of the Old Scottish Parliament Acts of the English Parliament Acts of the Old Irish Parliament Acts of the Parliament of Great Britain Northern Ireland Orders in Council Measures of the Northern Ireland Assembly Acts of the Northern Ireland ParliamentAll Secondary Legislation UK Statutory Instruments Wales Statutory Instruments Scottish Statutory Instruments Northern Ireland Statutory Rules Church Instruments UK Ministerial Orders UK Statutory Rules and OrdersAll Draft Legislation UK Draft Statutory Instruments Scottish Draft Statutory Instruments Northern Ireland Draft Statutory RulesAll Impact Assessments UK Impact AssessmentsSearchAdvanced SearchFinance (No. 3) Act 2010You are here:2010 c. 33SCHEDULE 1Table of ContentsContentMore ResourcesPrevious: PartNext: SchedulePlain ViewPrint Options
Changes over time for: SCHEDULE 1Alternative versions:16/12/2010 - AmendmentChanges to legislation:There are currently no known outstanding effects for the Finance (No. 3) Act 2010, SCHEDULE 1.Changes to LegislationRevised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.Section 1SCHEDULE 1E+W+S+N.I.Shared lives careExtension of foster-care reliefE+W+S+N.I.1Chapter 2 of Part 7 of ITTOIA 2005 (foster-care relief) is amended as follows.E+W+S+N.I.2(1)Section 803 (overview of Chapter 2) is amended as follows.E+W+S+N.I.(2)For subsection (1) substitute—“(1)This Chapter provides relief on income from the provision by an individual of qualifying care.
14(1)In section 813(1) (full foster-care relief: trading income), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.(2)Accordingly, in the heading of section 813, for “foster-care” substitute “ qualifying care ”.15(1)In section 814(1) (full foster-care relief: income chargeable under Chapter 8 of Part 5), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.(2)Accordingly, in the heading of section 814, for “foster-care” substitute “ qualifying care ”.16In section 815(a) and (b) (alternative calculation of profits: introduction), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.17In section 816(1) and (2)(a) (alternative calculation of profits: trading income), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.18In section 817(1) and (2)(a) (alternative calculation of profits: income chargeable under Chapter 8 of Part 5), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.19In section 818(1)(a) and (b) (election for alternative method of calculating profits), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.20In section 819(1)(b) (adjustment of assessment), for “foster care” substitute “ qualifying care ”.E+W+S+N.I.21In section 820(a) and (b) (periods of account not ending on 5th April), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.22(1)Section 821 (meaning of “relevant limit”) is amended as follows.E+W+S+N.I.(2)In subsection (1)—(a)for “foster-care” substitute “ qualifying care ”, and(b)in paragraph (b), before “child” insert “ adult or ”.(3)In subsection (2), before “child”, in both places where it occurs, insert “ adult or ”.23In section 822(1) (full relief), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.24In section 823(1)(a) and (2)(a) (alternative method of calculating profits), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.25In section 824(1)(a) and (2)(b) (capital allowances: introduction), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.26In section 825(2) and (4)(a) (carried forward unrelieved qualifying expenditure), for “foster care” substitute “ qualifying care ”.E+W+S+N.I.27In section 826(b) (excluded capital expenditure), for “foster care” substitute “ qualifying care ”.E+W+S+N.I.28In section 827(a) (excluded capital expenditure: subsequent treatment of asset), for “foster care” substitute “ qualifying care ”.E+W+S+N.I.29Accordingly, for the heading of Chapter 2 of Part 7 of ITTOIA 2005 substitute “ qualifying care relief ”.E+W+S+N.I.Consequential amendmentsE+W+S+N.I.30ITTOIA 2005 is amended as follows.E+W+S+N.I.31In section 1(5) (overview of Act), for “foster-care” substitute “ qualifying care ”.E+W+S+N.I.32(1)In section 23 (rent-a-room and foster-care relief)—E+W+S+N.I.(a)in subsection (3), for “foster-care” substitute “ qualifying care ”, and(b)in subsection (4), for “foster care” substitute “ qualifying care ”.(2)Accordingly—(a)in the heading of that section, for “foster-care” substitute “ qualifying care ”, and(b)in the heading immediately preceding that section, for “foster-care” substitute “ qualifying care ”.33In section 688(2)(b) (income charged), for “foster care” substitute “ qualifying care ”.E+W+S+N.I.34In the heading of Part 7, for “FOSTER-CARE” substitute “ QUALIFYING CARE ”.E+W+S+N.I.35In the table in Part 2 of Schedule 4 (index of expressions defined in this Act etc)—E+W+S+N.I.(a)omit the entries for “foster-care receipts” and “foster-care relief”,(b)after the entry for “provides foster care” insert—“provides qualifying care (in Chapter 2 of Part 7)section 805Aprovides shared lives care (in Chapter 2 of Part 7)section 806A”,(c)after the entry for “purchased life annuity” insert—“qualifying care receipts (in Chapter 2 of Part 7)section 805qualifying care relief (in Chapter 2 of Part 7)section 803(1)”,(d)after the entry for “residence” insert—“residence (in Chapter 2 of Part 7)section 806B”,and
(e)in the entry for “total foster-care receipts”, for “foster-care” substitute “ qualifying care ”.CommencementE+W+S+N.I.36(1)The amendments made by this Schedule have effect for the tax year 2010-11 and subsequent tax years.E+W+S+N.I.(2)But an individual within sub-paragraph (3) may elect to be treated for income tax purposes as if those amendments had effect instead for the tax year 2011-12 and subsequent tax years (and accordingly to remain entitled, for the tax year 2010-11, to the benefit of any relevant concession so far as applicable to the individual).(3)An individual is within this sub-paragraph if the individual has qualifying care receipts for the tax year 2010-11 in respect of the provision of shared lives care (with or without qualifying care receipts in respect of the provision of foster care).(4)A relevant concession is an existing HMRC concession (within the meaning of section 160 of FA 2008)—(a)which is in force immediately before the passing of this Act, and(b)to which effect is given (in whole or in part) by this Schedule.(5)An election under sub-paragraph (2) must be made on or before the first anniversary of the normal self-assessment filing date for the tax year 2010-11 (or such later date as an officer of Revenue and Customs may, in a particular case, allow).Transitional provisionE+W+S+N.I.37(1)This paragraph applies if—E+W+S+N.I.(a)an individual had qualifying care receipts in respect of the provision of shared lives care—(i)for the pre-commencement tax year, or(ii)for a continuous series of tax years up to and including the pre-commencement tax year,(b)the receipts were receipts of a trade,(c)a relevant concession applied to the individual in respect of those receipts, and(d)the individual did not derive any taxable income, other than qualifying care receipts, from the trade.(2)Sections 824 to 827 of ITTOIA 2005 (capital allowances) are to have effect as if the individual had been a relevant individual for—(a)the pre-commencement tax year, or(b)if sub-paragraph (1)(a)(ii) applies, the pre-commencement tax year and each earlier tax year in the series.(3)“The pre-commencement tax year” means the tax year immediately preceding—(a)for an individual who makes an election under paragraph 36, the tax year 2011-12,(b)otherwise, the tax year 2010-11.(4)“Relevant concession” has the same meaning as in paragraph 36.Previous: PartNext: ScheduleBack to topOptions/HelpPrint OptionsPrint The Whole ActPDF The Whole ActWeb page The Whole ActPrint This Schedule onlyPDF This Schedule onlyWeb page This Schedule onlyYou have chosen to open The Whole ActThe Whole Act you have selected contains over 200 provisions and might take some time to download. 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