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Sole trader selling bikes...is income from residential rent property exempt 85k VAT threshold ?

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  • thanks guys, so Ive had an accountant for the last 12 years,, else as a sole trader,,, I cant get mortgages without a chartered one..

    just looking for advice from all avenues including my accountant to put my own worries of being on the right side of everything to bed!

    so from what ive been reading and told so far,,, im good...thanks for all your cleverness,, u so good :wink:


  • mlz1413
    mlz1413 Posts: 3,025 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    thanks guys, so Ive had an accountant for the last 12 years,, else as a sole trader,,, I cant get mortgages without a chartered one..

    just looking for advice from all avenues including my accountant to put my own worries of being on the right side of everything to bed!

    so from what ive been reading and told so far,,, im good...thanks for all your cleverness,, u so good :wink:


    You need to have a registered accountant who is a member of a professional body.
    So not necessarily Chartered. 

    Sounds like yours isn't a current member so the accounts they have produced won't be acceptable to a lender.

    I'm guessing you are using your tax returns are evidence of earnings. 

  • yeah by a chartered accountant so somthing like that,,along those hazy lines :p
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