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Accounts & Taxes
UK landlord reviewing property income allowance paperwork

Trading & Property Income Allowances: Using Them Wisely

The UK offers two special allowances that can simplify your tax return: the trading allowance and the property income allowance. Each provides up to £1,000 of tax-free income, making them ideal for people with small amounts of extra income. The Trading Income Allowance The Property Income Allowance The Rent a Room Allowance This is a […]