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Readers’ forum: Wedding belle

18 July 2017
Issue: 4608 / Categories: Forum & Feedback , Policy

The tax treatment of receipts for the exclusive coverage of a wedding.

I act on behalf a minor reality TV personality. She has income from professional appearances and more recently from some roles as a supporting actor. This is all fairly straightforward – most of the income is on a self-employed basis and sole trader accounts have been prepared and tax and National Insurance have been paid.

My client recently advised me that she is soon to marry and a magazine has offered a relatively large sum of money for exclusive coverage of the wedding. I am now wondering what the tax implications might be.

Should the fee be treated as part of her professional trading income or is it a one-off capital payment for the rights to that event? I was assuming that the latter approach might be best but if it was possible to argue for income treatment could some of the associated wedding costs that...

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