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How to claim trading income allowance for a Sole Trade?

Article ID
ias-12843
Article Name
How to claim trading income allowance for a Sole Trade?
Created Date
27th June 2018
Product
IRIS Personal Tax
Problem
How to claim trading income allowance for a Sole Trade?
Resolution
To claim trading income allowance please do the following within Personal Tax: – Trade, Profession or Vocation – Sole Trade or Partnership – Highlight the relevant Sole Trade (at the top of the screen) – Highlight the revelant Account Date (at the bottom of the screen) – “Gross Profit” tab – Tick the box “Claim trading income allowance”

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