The property allowance was introduced in 2017. It allows you up to £1,000 tax-free income from property as a simple alternative to claiming expenses in some circumstances. How does it work and when is it worth claiming? Start date After a false start two brand new tax-free allowances were introduced in April 2017; one for … Continue reading Can you claim the tax-free property allowance?
The highlights of the Chancellor's announcement: Coronavirus support the Coronavirus Job Retention scheme (furlough scheme) will be extended until the end of September 2021. From an employee’s perspective nothing will change but employers’ contributions will increase starting in Julythe fourth tranche of the Self-Employment Income support Scheme will go ahead and there will be a … Continue reading Budget Summary March 2021