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Other income self-assessment

tribetown
tribetown Posts: 76 Forumite
Fourth Anniversary 10 Posts
I have some crypto asset staking rewards that I understand is taxed via income tax.
I had added it to my income on the SA100 form but see there is a separate section "Other UK income".

There are sections,

Interest from Gilt edge securities
Gains from life insurance policies
Stock dividends, bonus issues of securities
Business receipts taxed
Share schemes income
Employment lump sums.
Any other income

Should I put it under "Any other income"?

Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    500 Posts Name Dropper
    edited 18 June at 5:21PM
    How often do you do it? Could it be trading income?

    Where have you ‘added it to your income?’


  • tribetown
    tribetown Posts: 76 Forumite
    Fourth Anniversary 10 Posts
    edited 15 August at 9:19AM
    How often do you do it? Could it be trading income?

    Where have you ‘added it to your income?’


    My holding was staked for the entire year, I unstaked it at the end of the last tax year.

    I added it to my daily work income. But think it may belong in "Other Income" instead.


  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    500 Posts Name Dropper
    edited 15 August at 9:19AM
    tribetown said:
    How often do you do it? Could it be trading income?

    Where have you ‘added it to your income?’


    My holding was staked for the entire year, I unstaked it at the end of the last tax year.

    I added it to my daily work income. But think it may belong in "Other Income" instead.


    You cannot add it to your daily work income - is that under PAYE or self-employment?

    If PAYE I would respectfully advise that you seek advice before sending your return as that couldn’t really be more incorrect if you tried!

    If you are also self-employed you cannot link this unrelated source of income. 


    Either complete an additional self-employment section or include in ‘other income’ if it truly is a one-off.
  • tribetown
    tribetown Posts: 76 Forumite
    Fourth Anniversary 10 Posts
    edited 15 August at 9:19AM
    tribetown said:
    How often do you do it? Could it be trading income?

    Where have you ‘added it to your income?’


    My holding was staked for the entire year, I unstaked it at the end of the last tax year.

    I added it to my daily work income. But think it may belong in "Other Income" instead.


    You cannot add it to your daily work income - is that under PAYE or self-employment?

    If PAYE I would respectfully advise that you seek advice before sending your return as that couldn’t really be more incorrect if you tried!

    If you are also self-employed you cannot link this unrelated source of income. 


    Either complete an additional self-employment section or include in ‘other income’ if it truly is a one-off.
    I am self employed.
    I have found the correct box under "other income"
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