Premium Bonds winnings
Question asked by Alan Bennett 9 years ago
Hi, I won a small amount on premium bonds and it was transferred into my business current account. How do I account for this so that I am not paying tax on it as an income?
It's just classed as you putting money into the business so do exactly the same with it as though you'd made a transfer into the business a/c from your personal a/c.
It'll basically be capital introduced if you're self employed or form part of your DLA if limited.
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