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Where Taxpayers and Advisers Meet

SEISS question

Joined:Wed Mar 17, 2021 12:17 am
SEISS question

Postby Tony71 » Mon May 10, 2021 9:45 pm

Hi dear friends,

A self-employed business that has been impacted by reduced activity, capacity or demand due to coronavirus, but disposed of a business asset selling a part of the business (not stopping the whole trade and paying for it Capital Gains Tax/Business Asset Disposal Relief), still qualifies for SEISS grants? Does this disposal of business asset qualify for SEISS as "Trading profits", "non-trading income" or none of the two?

HMRC is not answering to this question.

Thanks for being around on this forum and helping all of us.

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