Property and trading income will be included in the tax-free allowance for individuals from April 2017,the Chancellor has announcedOnline merchants and short-term landlords were given a gift in the budget, with two new £1000 tax-free allowances offered on income from those sources.
Intended to boost the number of “micro-entrepreneurs” who fabricate (to make up, invent) small amounts of money online, or the tax breaks were introduced by the chancellor,George Osborne, with specific reference to the online marketplace eBay and the short-term lettings site Airbnb.
Continue reading...
Source: theguardian.com