Same income but different streams compared to pre covid- entitled to grant 4?

CNL

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?

Specifically, Business B has been to rent out my home and I move somewhere cheaper/smaller, if that changes it.

silvercar

Not sure rental income counts as earned income, hopefully someone will know, but I know Mrc categorise it differently on tex returns.

unholyangel

Letting property isn't considered a trade (normally anyway). 

CNL

Thanks guys - I found my answer, and you guys are right, its not the same category so doesn;'t affect me negatively. Woopee

Jeremy535897

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.