Property income allowance

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  • jpkeates
    replied
    Originally posted by Mikexx View Post
    I get more than £1,000 from each property.
    So these allowances are not available to you anyway.

    Leave a comment:


  • Mikexx
    replied
    I get more than £1,000 from each property.

    Leave a comment:


  • Gordon999
    replied
    Are you getting annual income of less than £1000 from each of your properties ?

    Leave a comment:


  • Mikexx
    started a topic Property income allowance

    Property income allowance

    I have two properties, one rented to a private tenant and another industrial property I rent to a company I own.

    I note in:
    https://www.gov.uk/guidance/tax-free...trading-income

    It says:
    You cannot use the allowances in a tax year, if you have any trade or property income from:
    • a company you or someone connected to you owns or controls
    It feels a little unfortunate!

    Is this a blanket rule that scuppers this allowance?

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