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Does this income qualify as Miscellaneous for the £1,000 Trading Allowance?
tg99
Posts: 1,258 Forumite
in Cutting tax
My interpretation is that none of the below would count as Miscallenous income (since not as a result of carrying out a trade or providing a service) and thus could not be put under the £1,000 Trading Allowance. Is this correct?
- bank account reward payment (Coop current account £4pm)
- cash rebates received from VCT investments
- the ‘offshore income gain’ that arises from the sale of a U.K. non-reporting fund at a profit (which is thus taxable as income rather than capital gains due to the non-reporting status)
- bank account reward payment (Coop current account £4pm)
- cash rebates received from VCT investments
- the ‘offshore income gain’ that arises from the sale of a U.K. non-reporting fund at a profit (which is thus taxable as income rather than capital gains due to the non-reporting status)
0
Comments
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It's a trading allowance. None of the income sources you quote seem to arise from a trade.0
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