The total value the principal carer is entitled to for the best start tax credit
Best Start Float MONTH Person Formula Included used 0 timesValue type Float . Default value 0 Entity person
How is this calculated?
To calculate this variable, the following input is used
- Boolean best_start__eligibility Is each person classified as eligible for best start tax credit
- Boolean best_start__family_has_children_eligible Is each family classified as eligible for best start tax credit
- Int age_of_youngest The age of the youngest member of a family
- Int age The age of a Person (in years)
- Date date_of_birth Birth date
- Date date_of_birth Birth date
- Date due_date_of_birth Birth due date
- Boolean family_scheme__base_qualifies Is a person qualified as eligible under the family scheme
- Boolean family_scheme__caregiver_age_qualifies Is a person qualified under the family scheme age parameters
- Int age The age of a Person (in years)
- Date date_of_birth Birth date
- Boolean family_scheme__qualifies_as_principal_carer Is the person the principal caregiver and do they have dependent children
- Boolean family_scheme__has_dependent_children A family has one or more people who qualify as financially dependant children
- Boolean income_tax__dependent_child Determines if a Person is classified as financially dependant
- Int age The age of a Person (in years)
- Date date_of_birth Birth date
- Boolean income_tax__residence Boolean for if a Person is classified as meeting residence requirements
- Boolean veterans_support__received_childrens_pension Is classified as receiving a children's pension
- Boolean veterans_support__received_parents_allowance Is classified as receiving a parent's allowance
- Float best_start__tax_credit_per_child Value of a Families entitlement for best start tax credit
- Float best_start__year_of_child Returns the year of eligibilty either 1, 2 or 3 otherwise returns zero
- Date date_of_birth Birth date
- Date due_date_of_birth Birth due date
- Float family_scheme__assessable_income The annual net income for a person as relates to the family scheme
Formulas
This is the formula used to calculate the value of best_start__entitlement
0001-01-01
This formula is used for scenarios from the date 0001-01-01 onwards. More info on formulas
def formula(persons, period, parameters):
# sum up families income
return persons.family.sum(
persons.family.members('best_start__tax_credit_per_child', period)) * \
persons('best_start__eligibility', period)