Wellsy Waterman
Joined: 8/17/2020
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Box 50 on Online Self Assessment Tax Return
As a sole trader I am submitting, via the portal, returns for a standard period of 12 months, Jan to Dec, and a transition period of 3 months Jan to Apr 5th. I have reached Box 50 and I do not understand what is required since it says, 'Do not include any transition profit or loss in this box'. -
Equipment hire
In the past I have treated the payments I have received from hiring out my makeup kit as taxable income. Is this correct?