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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15940
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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At the moment I have to pay tax on all income being a shared

Resolved Question:

At the moment I have to pay tax on all income being a shared lives carer. If I become a guardian of the same service user, what is the position then with reference to tax?




Many Thanks
Submitted: 3 years ago.
Category: Tax
Expert:  TonyTax replied 3 years ago.
Hi.

Can you tell me who you look after (child or adult) and confirm they live with you please.
Customer: replied 3 years ago.


Yes the adult does live with me at this address and has done so for 22 years.

Expert:  TonyTax replied 3 years ago.
Thanks.

Leave this with me while I draft my answer.
Customer: replied 3 years ago.


How long will the draft take as I am going out soon? Thanks

Expert:  TonyTax replied 3 years ago.
I'm drafting my answer now. I needed to find supporting documents which I now have.
Expert:  TonyTax replied 3 years ago.
Hi again.

I'm not sure why you pay income tax on all your income as a shared lives carer as it says here that you should qualify for the same tax concessions as a foster carer, the tax rules for which you can find in HS236 here.

If you become a guardian for an adult, I'm afraid that the tax exemption for qualifying guardian payments which took effect on 6 April 2010 only applies to child placements. Take a look here for more information on this.

I hope this helps but let me know if you have any further questions.
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