Timeline for Am I legally allowed to offset the tax I pay on freelance work? (UK)
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
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| Apr 28, 2016 at 14:06 | comment | added | Ian | The income can be taxable as it is income from a trade, but using equipment that the HMRC says was brought for the hobby. So if only 10% of the mac usage is for the trade, don't try to claim 100% of the cost of buying it. | |
| Apr 28, 2016 at 14:02 | comment | added | Mike Scott | @Ian But if they regard it as a hobby then the £3K of income is not taxable at all. | |
| Apr 28, 2016 at 13:55 | comment | added | Ian | HMRC may consider £3K income to be a hobby and hence not allow the cost of computers etc to be deducted. (So can't offset the cost of a new mac every year.) | |
| Jan 23, 2016 at 21:46 | vote | accept | user55027 | ||
| Jan 17, 2016 at 21:04 | history | answered | Mike Scott | CC BY-SA 3.0 |