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Self employed people can claim SEISS grant no 4 from late April 2021 and no 5 from late July 2021. Both are available to those who: submitted their 2019/2020 returns latest 02 March 2021; are still and intend to keep trading in 2021; suffered a big drop in profits due to reduced activity, reduced capacity, … Continue reading
Rent received from letting surplus business accommodation is strictly assessable as property income. However, in some cases, rents from surplus business accommodation may be included in the calculation of the trading profits if certain conditions are met. These conditions are: the accommodation must be temporarily surplus to current business requirements. S21 of Income Tax (Trading … Continue reading
Phoenix Debola 