Category Archives: Tax Allowance

Tax-free property and trading income

22nd March 2021 Posted by -

Two separate £1,000 tax allowances for property and trading income were introduced in April 2017. If you have both or either type of income

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Capital allowances tax advice Burton on Trent Alexander Accountancy

Spring Budget 2021 – Capital allowances

10th March 2021 Posted by -

Designed to help offset the increased Corporation Tax main rate and promote investment, the Chancellor announced the introduction of a new ground breaking super-deduction tax relief. The new temporary tax […]

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Spring Budget 2021 – Income Tax Rates & Allowances

8th March 2021 Posted by -

It has been confirmed as part of the Budget announcements that the 2021-22 personal allowance will increase to £12,570 (2020-21: £12,500) and the

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Capital Gains Tax exemptions

4th March 2021 Posted by -

As with Income Tax personal allowances, taxpayers have an annual exempt amount for Capital Gains Tax (CGT) which is forfeited if not used. The annual

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Marriage Allowance tax break

23rd February 2021 Posted by -

If you are entitled to the marriage allowance and have not yet applied, then you could receive a payment of up to £1,188 from HMRC. HMRC used the

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