Paying tuition fees without paying tax


T

Thom

Tumbleweed said:
As this is effectively a hobby for you (it would appear) I wonder if you
have to declare your income in this respect? Does anyone know what the rules
are on hobbies, or are you meant to declare all income however small? For
sake of argument, If I sold 1/2 my stamp collection for £100, do I have to
declare that?
You have to declare all income. Selling your stamp collection doesn't
provide income - though it might have capital gains tax implications.

We [the newsgroup] went through all this in the old ebay thread ...

Thom
 
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D

Doug Ramage

Timothy Lee said:
As, amongst other things, a church organist, I fill out the mini-self-
employed self assessment section for that, where I put in a turnover
figure, an expenses figure and a profit figure. This is for about £1,500
per year.
You would need to complete a second set of Self Employment pages, unless
organist and web-site could be considered as one trade. Unlikely?

Also, it *might* be that you are wrongly classified as self-employed as a
church organist. Although, the IR are not likely to be overly concerned with
£1500 p.a.
 
T

Timothy Lee

Doug Ramage said:
You would need to complete a second set of Self Employment pages, unless
organist and web-site could be considered as one trade. Unlikely?
No that's all sorted out.
Also, it *might* be that you are wrongly classified as self-employed as a
church organist. Although, the IR are not likely to be overly concerned with
£1500 p.a.
Some of it is irregular as I sort of freelance for various churches for
weddings funerals etc where other churches can't get their organists out
of their 'normal' work.
 
T

Tumbleweed

Thom said:
You have to declare all income. Selling your stamp collection doesn't
provide income - though it might have capital gains tax implications.
Presumably at some point it moves from CGT to income, if I keep buying and
selling?
 
D

Doug Ramage

Timothy Lee said:
No that's all sorted out.


Some of it is irregular as I sort of freelance for various churches for
weddings funerals etc where other churches can't get their organists out
of their 'normal' work.
Well, the more "clients" you have, the more likely that self-employed is the
correct classification.
 
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T

Thom

Tumbleweed said:
Presumably at some point it moves from CGT to income, if I keep buying and
selling?
Yes (assuming you make any profit). I'm not sure how they assess it, but
I'd guess it would have to be your main income.

Thom
 

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