There are two £1,000 allowances which may be claimed instread of actual expenses for property and trading income.

These may be claimed from 6 April 2017.

See, Trading and Property Allowances

and you might like our guides to the different accounting systems for the self employed and landlords:

• Which system for me? See Cash or accruals accounting toolkit
• Which expenses for me? See Flat rate expenses or actual cost toolkit

 

 

 

• Prev