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Credit Card Rewards - Taxable?
Moonbeam
Posts: 490 Forumite
in Cutting tax
Hi
I run a small business from home buying and selling jewellery. I put my purchases through a supplier using a personal credit card - it doesn't add up to much over the year, however I have been using a reward card to gain airmiles. I hope to build up the airmiles over a period of time to put towards a holiday with the family in 2010. Is this a taxable gain? The turnover of my business is >£25,000 and I only employ myself.
Help please?
Also on this note - can I claim my country club membership at a local hotel through my expenses? I visit with clients there on a frequent basis and use the free childcare I get through my membership to allow me to work on my laptop in the coffee bar there?
Thanks again
I run a small business from home buying and selling jewellery. I put my purchases through a supplier using a personal credit card - it doesn't add up to much over the year, however I have been using a reward card to gain airmiles. I hope to build up the airmiles over a period of time to put towards a holiday with the family in 2010. Is this a taxable gain? The turnover of my business is >£25,000 and I only employ myself.
Help please?
Also on this note - can I claim my country club membership at a local hotel through my expenses? I visit with clients there on a frequent basis and use the free childcare I get through my membership to allow me to work on my laptop in the coffee bar there?
Thanks again
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