A friend of mine has
Income from property of about 17,500 = Rent of £20,000 less 2,500 expenses mostly agency fees
So 17,500 taxable
So clearly she should not claim the £1,000 tax free allowance on property income
I have helped her fill in that part of her tax return
Trading income of about £500 selling home made cakes income £800 less £300 expenses
Can she ignore this income on her tax return? Claiming the £1,000 tax allowance? As her trading income is less than £1,000
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