tax credits : SE losses?

skater_kat

hi all
how do tax credits work out SE losses?

for example last years sums:
main claimant: PAYE income £9000 SE losses £5000
partner: PAYE income £14000 SE losses £0 SE profit £500

is our total household income for tax credits assessment therefore (£23500 minus £5000)= £18500 pa ?

thanks

FRESTER

skater_kat wrote: »

hi all
how do tax credits work out SE losses?

for example last years sums:
main claimant: PAYE income £9000 SE losses £5000
partner: PAYE income £14000 SE losses £0 SE profit £500

is our total household income for tax credits assessment therefore (£23500 minus £5000)= £18500 pa ?

thanks

You are correct

skater_kat

thanks. when i put some sums into entitled to calculator it doesn't allow you to enter losses anywhere