CH5 - Joint income & qualifying care receipts

Question 1

Joint income received by spouses/civil partners is split ?

Answer 1

equally between the parties unless an election is made for it to be split according to their beneficial entitlement.

Question 2

Where an individual receives qualifying care receipts which do not exceed the individual’s qualifying amount, ?

Answer 2

the payments are not subject to tax.

Question 3

If the qualifying care receipts exceed the individual’s qualifying amount, ?

Answer 3

the individual will be assessed on the gross receipts less any allowable expenses as normal. Alternatively, the individual can elect to be assessed on the gross receipts less the qualifying amount.

Question 4

The individual’s qualifying amount is made up of ?

Answer 4

a fixed amount of £18,140 per annum plus a weekly amount per person placed with them (£375 per week for a child aged under 11 and £450 per week for anyone else).