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Housing Benefit and Profit /Loss
toprosowsk
Posts: 5 Forumite
Hello Dear Forum
Can you please advice me .Do I, as self employed, need to include Housing Benefit in Profit /Loss calculation for Tax Return purpose?
Kind regards
Can you please advice me .Do I, as self employed, need to include Housing Benefit in Profit /Loss calculation for Tax Return purpose?
Kind regards
0
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toprosowsk wrote: »Hello Dear Forum
Can you please advice me .Do I, as self employed, need to include Housing Benefit in Profit /Loss calculation for Tax Return purpose?
Kind regards
No - It isn't an income that you have earned so why would it be.
HB is paid because you have low self employment earnings and it is paid towards your rent liablility.
Tax notes doesnt say so either“You’re only here for a short visit.
Don’t hurry, don't worry and be sure to smell the flowers along the way.”Walter Hagen
365 Day 1p Challenge for 2021 #41 ✅
Jar £440.31/£667.95 and Bank £389.67/£667.950
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