Selling a horse and being self-employed

[NicolaC]

I am hopeing someone on here can help me with this please.

I am self-employed and I have just sold my horse. Money was paid by bank transfer into my private account. It will eventually be used to buy another one ( if I can ever find one ) but do I have to pay tax on it?

 

[tallyho!]

I am hopeing someone on here can help me with this please.

I am self-employed and I have just sold my horse. Money was paid by bank transfer into my private account. It will eventually be used to buy another one ( if I can ever find one ) but do I have to pay tax on it?

Not unless your horse was a company assett...??

 

[TinselPoos]

No.

 

[fleabittengrey]

I would guess not, as the money did not go near the business accounts and the horse was a private posession.