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autumn

Trading and property allowances

From 6 April 2017 (subject to the passage of the Autumn Finance Bill, when Parliament returns after the summer break), individuals will be able to claim up to £1,000 a year in tax-free allowances for property or trading income.  If you have both types of income, you may claim a £1,000 allowance for each.

 

Trading and property allowances

From 6 April 2017 (subject to the passage of the Autumn Finance Bill, when Parliament returns after the summer break), individuals will be able to claim up to £1,000 a year in tax-free allowances for property or trading income.  If you have both types of income, you may claim a £1,000 allowance for each.

 

Tax measures contained in 2016 Autumn Statement

This was the first and last Autumn Statement to be delivered by the new Chancellor, as he announced major changes to the timetable under which the annual Budget cycle will operate in future, the main thrust of which is that after  the Spring budget in March 2017 we will be moving to Autumn Budgets and Spring Statements!  In a change of policy from recent years, there were not as many new tax announcements in the speech or the supporting documents as has been the case in recent years, but the tax changes that were announced included the following:

Tax measures contained in 2016 Autumn Statement

This was the first and last Autumn Statement to be delivered by the new Chancellor, as he announced major changes to the timetable under which the annual Budget cycle will operate in future, the main thrust of which is that after  the Spring budget in March 2017 we will be moving to Autumn Budgets and Spring Statements!  In a change of policy from recent years, there were not as many new tax announcements in the speech or the supporting documents as has been the case in recent years, but the tax changes that were announced included the following: