My client has Fostered many children over many years but thay have recently decided to adopt.
They have had their income means tested and they qualify for Assisted Adoption payments. This is split into two parts, Permamemcy Fee and Asssisted Adoption Allowance. Combined these payments come to a not insignificant weekly amount.
I have dealt with the Foster Care 'income' in the past but with the significant tax allowances available there has never been any tax payable.
I beleive that ITTOA s744 exempts these adpotion payments but would welcome the thoughts of those with more experinnce in this area.