Property allowance

Property allowance

The following Personal Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Property allowance
  • Relevant property income for the property allowance
  • General exclusions from the property allowance
  • Exclusion from the property allowance where residential property finance costs are incurred
  • Mechanism of relief
  • Full relief ― gross receipts of up to £1,000
  • Partial relief ― gross receipts of more than £1,000
  • Interaction with other provisions
  • Remittance basis
  • High income child benefit charge and abatement of the personal allowances
This content is no longer in use on TolleyGuidance
This content is no longer in use on TolleyGuidance
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