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Trading Allowance Availability

K M
Posted Mon, 16 Jan 2023 10:05:21 GMT by K M
An individual is in partnership with his wife and has a separate small trade as a sole trader. The majority of the sole trader income is from his wife's parent's partnership. It seems that this is a connected party so the trading allowance is unavailable against sole trader income - correct?
HMRC Admin 5
Posted Thu, 19 Jan 2023 15:02:16 GMT by HMRC Admin 5
Hi,

That is correct. 

You can find more details here:

When you cannot use the allowances

Thank you.

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