A self employed swimming teacher runs a swim school which has been severely affected by the shutdowns and has missed out on all of the Government support, other than a bounce back loan. She has however received a £500 Covid 19 Relief Fund Grant from Swimathon. I have told her that I consider this grant to be taxable business income but she has asked Swimathon who have told her the grant is not taxable. I can understand the grant not being taxable if paid to a swimming club but when paid to a self employed teacher I see no reason why it would not be taxable. It actually makes no differnce in this case as the losses will be carried back to last year reducing income to just below the personal allowance, but I would be interested to know if I am wrong in considering the grant to be taxable. Thank you for any comments.
17th Jun 2021
Swimathon Covid 19 Grant
Is a Covid 19 Grant received by a swimming teacher taxable?
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