Income Tax (Trading and Other Income) Act 2005 section 149

Foster-care relief

Section 149 is a transitional provision dealing with the treatment of unallocated capital expenditure when a foster carer who was using the foster-care relief scheme in 2004-05 moves out of the scheme in the following period, specifically where a disposal event has been triggered under the earlier capital allowances rules.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.