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Another SEISS question - sorry
rubble2
Posts: 580 Forumite
My wife and I operate our business as a partnership. We have successfully claimed the first 3 SEISS grants with both of us receiving half of the total grant payment.
In tax year 2019/20 my pension income kicked in and was greater than the net profit for that year, however my wife received no income during the year other than business profits. Am I right in assuming that although my entitlement will be adversely effected by the 50% rule for SEISS 4, my wife will be eligible for the full grant allocation?
Thank you
In tax year 2019/20 my pension income kicked in and was greater than the net profit for that year, however my wife received no income during the year other than business profits. Am I right in assuming that although my entitlement will be adversely effected by the 50% rule for SEISS 4, my wife will be eligible for the full grant allocation?
Thank you
0
Comments
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It depends. It looks as if the 50% test, if you fail it on 2019/20, will then look at the four years 2016/17 to 2019/20, so you might be all right.1
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