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Support for Foster Carers

14/06/2019 11:25:18
Hi, can someone out me out on here. Both myself and partner were connected persons foster careers which ended on the 1st April this year, when we decided to go down the SGO route, Do we both have to complete separate tax returns for the fostering money we received in 2018-2019 tax year, and split the income received and qualifying care relief. I have read that we need to form a partnership when completing the tax return, but just want to get this done as quickly and easier as possible and get it out of the way. Thanks
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Re:Support for Foster Carers

14/06/2019 13:41:10
Hi

Generally foster carers would not require to form a partnership. Where both of you were actually acting as the foster carers then yes you would need to split the income and the relief. If only one of you actually acted as the main carer, then that person would declare the full income and claim the full relief.
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Re:Support for Foster Carers

25/06/2019 12:08:37
Hi

We are foster carers, and due to the number of children now in placement have had to buy a 6 seater car, can we claim tax relief??

Thanks
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Re:Support for Foster Carers

26/06/2019 07:05:14
Hi,

Purchase of a car would count as a capital allowance.

If you are using the qualifying care relief to cover your fostering income, you are not allowed to claim any other expenses or capital allowances.

It is your choice on whether you wish to claim the qualifying care relief or actual expenses/capital allowances though.

I have given you the link here to the qualifying care relief helpsheet for further information:

HS236 Qualifying care relief: foster carers, adult placement carers, kinship carers and staying put carers

If you would like more information on expenses and/or capital allowances to decide if this may be a better option for you then please come back to us.
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Support for Foster Carers

01/08/2019 08:49:41
Hi I want to ask I work for a local authority and get 2 payments from them one is the fee element and one is fostering allowance for the child.Can someone tell me when working out the tax do I have to declare both income elements received from the fostering service?or do I just declare my fee?
Then I understand I get the 10000 exemption and my personal allowance and the qualifying money sum of 200 or 250 for each child.Can someone please make this clear for me.Thanks

Nazz
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Re:Support for Foster Carers

01/08/2019 14:39:57
Hi Nazz,

When working out your income from fostering you include all monies received from the local authority. You then work out your qualifying care relief of the standard £10000 per annum plus either £200 or £250 per child per week. I am not sure if you have already had a look at our Qualifying Care Relief help sheet - if not you can find it here

HS 236

I hope this helps

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