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

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

  2. First published.