Crowd-funding: tax implications
Discussion
Hi All,
Don't venture in these parts that often, but I think I need some advice.
Looking at a crowd-fund for £7.5k
I'm offering various rewards in return for the pledges.
With the funds, I'll be buying a computer and some audio kit.
I'm struggling to ascertain exactly what my tax liability will be. I'm intending to spend the lot. ie income=outgoings.
Any advice from those in the know?
Even if it is "don't touch it with a 10ft battle lance!"
Dan
Don't venture in these parts that often, but I think I need some advice.
Looking at a crowd-fund for £7.5k
I'm offering various rewards in return for the pledges.
With the funds, I'll be buying a computer and some audio kit.
I'm struggling to ascertain exactly what my tax liability will be. I'm intending to spend the lot. ie income=outgoings.
Any advice from those in the know?
Even if it is "don't touch it with a 10ft battle lance!"
Dan
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