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Posted Tue, 29 Oct 2024 09:33:46 GMT by Peterpan
Hi there, I would like to know if I work as a freelance and have overseas rental income and overseas stock income, should I calculate them all in one profit and loss statement? I.e. mix these three types of income together (and loss and expense) to come up a net profit or net loss.
Posted Tue, 05 Nov 2024 10:03:25 GMT by HMRC Admin 21 Response
Hi,
No these are 3 different categories and each has their own set of income and expenses. Freelance is self employment, the rental is foreign rental income and stock income is dividends and/or capital gains.
Thank you.

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