Two new income tax allowances that aim to simplify the tax affairs of so-called ‘micro-entrepreneurs’ have been put on hold in the run up to the general election.
The new property and trading allowances offered individuals a new £1,000 additional income tax allowance for money earnt from property, including rental income, and selling goods on eBay, for example.
Source Moneywise http://ift.tt/2pXdvoc
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