Grant Question

declan199210

Hi,

my mother in law is self employed and her income is as follows.

17 18

Self employed  3487

Employed 10655

Pension 28 263

18 19 

Self emp 14 816

Pension 18750

now in 18-19. She gifted the full 18750 to her daughter, it takes her over the threshold both years obviously for the grant.

but as she gifted the money would it count as non trading income as such? And therefore would she be eligible for the grant ? 

In 17/18 the pension she took was above her 25% tax free amount as she took that the previous year while still in employment.

antonic

She is not eligible for the SEISS Grant as her non trading income exceeds her trading income.
The fact she gifted the money to her daughter in 2018/19 is irrelevant, it still counts as her income.

declan199210

antonic said:

She is not eligible for the SEISS Grant as her non trading income exceeds her trading income.
The fact she gifted the money to her daughter in 2018/19 is irrelevant, it still counts as her income.

Thanks .

I was just wondering as to if the cash gift would be excempt from the non trading income as she had no benefit from it and saw contradicting information concerning it.

Jeremy535897

declan199210 said:

antonic said:

She is not eligible for the SEISS Grant as her non trading income exceeds her trading income.
The fact she gifted the money to her daughter in 2018/19 is irrelevant, it still counts as her income.

Thanks .

I was just wondering as to if the cash gift would be excempt from the non trading income as she had no benefit from it and saw contradicting information concerning it.

I don't know what contradicting information you saw? The grant is based on what income is on the claimant's tax returns. What they do with that income is irrelevant.

declan199210

Jeremy535897 said:

declan199210 said:

antonic said:

She is not eligible for the SEISS Grant as her non trading income exceeds her trading income.
The fact she gifted the money to her daughter in 2018/19 is irrelevant, it still counts as her income.

Thanks .

I was just wondering as to if the cash gift would be excempt from the non trading income as she had no benefit from it and saw contradicting information concerning it.

I don't know what contradicting information you saw? The grant is based on what income is on the claimant's tax returns. What they do with that income is irrelevant.

The joys of google! 

The furlough issue you commented on before it’s now with the Union as it was dismissed by HR also! 

Jeremy535897

declan199210 said:

Jeremy535897 said:

declan199210 said:

antonic said:

She is not eligible for the SEISS Grant as her non trading income exceeds her trading income.
The fact she gifted the money to her daughter in 2018/19 is irrelevant, it still counts as her income.

Thanks .

I was just wondering as to if the cash gift would be excempt from the non trading income as she had no benefit from it and saw contradicting information concerning it.

I don't know what contradicting information you saw? The grant is based on what income is on the claimant's tax returns. What they do with that income is irrelevant.

The joys of google! 

The furlough issue you commented on before it’s now with the Union as it was dismissed by HR also! 

I wish you good luck.