# Income Tax (Trading and Other Income) Act 2005, Section 816: Alternative calculation of profits: trading income

Extent: E+W+S+N.I.

(1) This section applies if the individual's qualifying care receipts for the tax year are the receipts of a trade.
(2) The profits of the trade for the tax year are—
(a) the individual's total qualifying care receipts for the tax year, less
(b) the individual's limit for the tax year.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/816 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-816
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.