Hi I'm looking for a bit of advice if anyone can help me??
I rent a small salon in which I do nails from. Iv recently done it out so that a hairdresser can rent a space (the landlord is fine with this).
What I'm wanting to know is obviously I will be recieveing rent for this space every week once I find someone suitable.... but what do I put this down as on my tax return?
I usually save so much of my takings as a rule anyways after paying myself and buying new stock, so I'm just thinking do I save most of this too? Do I need to?
Thankyou x
I rent a small salon in which I do nails from. Iv recently done it out so that a hairdresser can rent a space (the landlord is fine with this).
What I'm wanting to know is obviously I will be recieveing rent for this space every week once I find someone suitable.... but what do I put this down as on my tax return?
I usually save so much of my takings as a rule anyways after paying myself and buying new stock, so I'm just thinking do I save most of this too? Do I need to?
Thankyou x