P PaulyB63 Registered User Messages 86 6 Feb 2012 #1 Hi All, I am working at the moment full time. My wife runs a business and she is in receipt of the BTWEA startup fund. Is her tax credit tied up in this or can it still be transferred to me? Thanks in advance!
Hi All, I am working at the moment full time. My wife runs a business and she is in receipt of the BTWEA startup fund. Is her tax credit tied up in this or can it still be transferred to me? Thanks in advance!
M mandelbrot Registered User Messages 2,330 6 Feb 2012 #2 BTWEA isn't a taxable source of income AFAIK, but if you transfer all her tax credit to you, she may end up owing a chunk of tax on any profit from her new business, so you may need to plan accordingly.
BTWEA isn't a taxable source of income AFAIK, but if you transfer all her tax credit to you, she may end up owing a chunk of tax on any profit from her new business, so you may need to plan accordingly.
B Black Sheep Registered User Messages 2,372 6 Feb 2012 #4 Doesn't this seem like a contradiction from SP:- "Back to Work Enterprise Allowance is not taxable. You should tell Revenue immediately if you qualify for the scheme."
Doesn't this seem like a contradiction from SP:- "Back to Work Enterprise Allowance is not taxable. You should tell Revenue immediately if you qualify for the scheme."
M mandelbrot Registered User Messages 2,330 6 Feb 2012 #5 Black Sheep said: Doesn't this seem like a contradiction from SP:- "Back to Work Enterprise Allowance is not taxable. You should tell Revenue immediately if you qualify for the scheme." Click to expand... No contradiction really, as the individual should be registering for self assessment...
Black Sheep said: Doesn't this seem like a contradiction from SP:- "Back to Work Enterprise Allowance is not taxable. You should tell Revenue immediately if you qualify for the scheme." Click to expand... No contradiction really, as the individual should be registering for self assessment...