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Same income but different streams compared to pre covid- entitled to grant 4?
CNL
Posts: 13 Forumite
I
had Business A pre covid, I started Business B in the middle of covid
to make ends meet,
now I am making the same income and profit, but Business A has been
significantly impacted by covid due to government restrictions and the
profits from that business will be way down due to reduced demand and
these restrictions in place. Am I entitled to SEISS grant 4?
0
Comments
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Not sure rental income counts as earned income, hopefully someone will know, but I know Mrc categorise it differently on tex returns.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Letting property isn't considered a trade (normally anyway).You keep using that word. I do not think it means what you think it means - Inigo Montoya, The Princess Bride1
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Thanks guys - I found my answer, and you guys are right, its not the same category so doesn;'t affect me negatively. Woopee
0 -
You have to intend to continue to trade to claim SEISS grants. The full conditions are here:
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme
Rental income that started in 2020/21 is totally irrelevant.0
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