Income from Kickboxing Competitions

An existing client sole trader has told us he also competes in Kickboxing competitions.

He says he has won 6 fights earning a total of £1,200.

I don't think this is a trade.

However, I do think it is taxable income - although we could reduce profit by deduction of expenses.

Any thoughts please?

Comments
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Hi, I specialize in sports professionals...

Steve McQueen |
Steve McQueen's picture

As Steve says, the income is

mrme89 |
mrme89's picture

He's not an amateur

pedant |
pedant's picture

Thanks guys.

Hanleymail |

training

kenny achampong |
kenny achampong's picture

Losing

lanoc |