Policy paper

Income Tax: new tax allowance for property and trading income

This tax information and impact note gives guidance on a new tax allowance for property and trading income.

• From: HM Revenue & Customs
• Published: 5 December 2016
• Last updated: 17 April 2018 — See all updates

Documents

Income Tax: new tax allowance for property and trading income

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Details

This measure introduces a new tax allowance for property and trading income each of £1,000 for tax year 2017 to 2018 onwards.

Published 5 December 2016
Last updated 17 April 2018 + show all updates

1. 17 April 2018

   Further advice section updated with a link to the 'tax-free allowances on property and trading income' guidance.

2. 5 December 2016

   First published.