2017/18 £1k Tax allowance on Property and Trading Income

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MooreAccounts
MooreAccounts Registered Posts: 13
edited March 2018 in General member discussion
Never mind!

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  • reader
    reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️
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    What was your question/comment?

    I'm curious now!
  • MarieNoelle
    MarieNoelle Registered, Moderator Posts: 1,303
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    Me too!
  • reader
    reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️
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    I think there was an article on this recently in the tax adviser magazine, they seem like straightforward allowances.

    Good thing about it is now it takes away a lot of the hobby vs business questions, i.e. if income is more than 1,000 it is likely HMRC will treat it as taxable.

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