Property Allowance
- A property allowance is available to individuals.
- The property allowance will not apply to partnership income or to income on which rent a room relief is given.
| Income up to £1,000 | Property income assessable NIL |
| Income over £1,000 | Election to deduct £1,000 rather than the actual expenses |
- A property allowance is available to individuals.
- The property allowance will not apply to partnership income or to income on which rent a room relief is given.
| Income up to £1,000 | Property income assessable NIL |
| Income over £1,000 | Election to deduct £1,000 rather than the actual expenses |