Forum Topic

Crowdfunding

Is money received through Crowdfunding taxable?

James Petri ● 74d5 Comments

Are you issuing share certificates for a share in a registered company with the acquisition shown in the company accounts?No? Than it's taxable income as the money is going to you not a company.Equally if you are selling goods, if the payments take you through the tax theshold, you pay tax.

N V Brooks ● 70d

But surely no one pays tax when you BUY shares? Only ehrn you sell. I think there is just one exception to this.

James Petri ● 70d

Think so because it's not a loan.

Janice Evans ● 74d

But is it that easy? I quite understand that if someone is collecting towards say health matters then that would be taxable.  But if it is to set up a business and you become a shareholder is tax still due?

James Petri ● 74d

Yes .  Easy answer.

N V Brooks ● 74d