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
  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.

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.