Wondering if you should claim the £1,000 property income allowance? In this guide, you’ll find out how the property income allowance works, how to claim it and work out whether it’s right for you. 1. What is the Property Income Allowance? The Property Income Allowance entitles individuals in the UK to earn £1,000 in rental … Read more
The HMRC Marriage Allowance is a tax perk that allows one partner to transfer up to 10% of their unused personal allowance to another meaning that person can benefit from some additional tax free earnings. This can be useful if you are newly self employed or in the early stages of starting a business and your earnings are low.
I’ve updated this post on 18 August 2020 for changes in the latest legislation The rent a room scheme is a great way to earn some extra cash it is tax-free up to £7,500. In this guide, I’ll show you how to claim the rent a room allowance tax-free, what counts as rent and what … Read more