Anto B
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fee for holding an account with an online broker and Trading Income Allowance
Hi, I have two unclear points when inserting these on my tax return, I would very much appreciate if anyone could possibly help? 1: where can I insert the fee for holding an account with an online broker, this fee is charged for maintaining a share dealing account while shares are held? The share dealing broker company takes the fee directly from the cash balance in my account with them, while this cash balance is a build-up of dividends paid into this account. 2: I am a sole trader landlord (rather than a company) and I have income from property and relative costs both over £1000, and I also have a self employment job for which I have income below £1000. Can I use in this case the £1000 ‘Trading Income Allowance’ for the self employment section? (Is the £1000 applicable on self employment alone or is it meant to be applicable on the sum of any and all kind of income sources and therefore in my case, I guess if I wanted to use the allowance this would not be advantageous as £1000 is lower than my costs related to my rental property?)