New property and trading allowances must be publicised, says LITRG
Posted by mostafa on 25 April, 2017
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This item was filled under Tax
The new property and trading income allowances came into effect on 6 April. These offer tax-free allowances of up to £2,000 a year, or a tax saving of up to £400 a year for a basic rate taxpayer if both apply. But a lack of guidance or publicity may result in exceptionally low take-up, …