Paragraph 3
United Kingdom
This paragraph applies if no part of either partner’s income for the year falls within section 1(2)(b).
If the lower-earning partner makes a claim for a children’s tax credit for the year in respect of a relevant child—
paragraph 2 above shall not apply, and
in calculating the credit for each partner, the amount mentioned in section 257AA(2) shall be halved.
If a relevant child is a qualifying baby the reference in sub-paragraph (2)(b) above to the amount mentioned in section 257AA(2) is to the higher amount applicable by virtue of subsection (2A) of that section.
If the partners make an election under this sub-paragraph—
paragraph 2 above shall not apply, and
the higher-earning partner shall not be entitled to a children’s tax credit for the year in respect of a relevant child.
Annotations
Textual amendments
- F1
Sch. 13B para. 3(2A) inserted (with effect in accordance with s. 53(6) of the amending Act) by Finance Act 2001 (c. 9), Sch. 11 para. 2
Notes on Schedule 13B
Textual amendments
- F1
Sch. 13B repealed (6.4.2003) by Tax Credits Act 2002 (c. 21), s. 61, Sch. 6; S.I. 2003/962, art. 2(3)(e), Sch. 1 (with arts. 3-5)
- F2
Sch. 13B inserted (with effect in accordance with s. 30(5) of the amending Act) by Finance Act 1999 (c. 16), s. 30(2), Sch. 3