Current year income confusion for parents Watch

smillership
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Report Thread starter 11 months ago
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My son started university last year Sept 2017, as I am self employed with a yo-yo salary I completed a CYI form for 2017/18, his loan for the year was based on this, I have now confirmed the amounts to SFE with my 2017/18 tax return. If I now fill in a CYI for 2018/19 SFE request information on the tax year from 2 years ago 2016/17. Will this have any bearing on the calculation for 2017/18 or 2018/19. My worry is that I was made redundant in 2016 and my income drastically dropped, that is why I chose to fill in the CYI form for 2017/18 in the first place. Also, my 2016/17 tax return included capital gains from the sale of some shares, are these classed as taxable income. Confusing.
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