20th Apr 2017

Allowances

  • a £1,000 savings income ‘allowance’;
  • a £5,000 dividends ‘allowance’;
  • a £1,000 ‘trading allowance’ (where we can ignore minor amounts of casual gross income of less than £1,000);
  • a ‘casual letting allowance’ also of £1,000 gross receipts in the year, and
  • a rent-a-room allowance of £7,500.