£1000/year property allowance
Question asked by K Tour 2 weeks ago
Where and how would i record the £1000 per year property allowance in CB? Previously i would include it in the self assessment when completing my tax return.
Question asked by K Tour 2 weeks ago
Where and how would i record the £1000 per year property allowance in CB? Previously i would include it in the self assessment when completing my tax return.
Found this that answers the question. [https://www.gov.uk/guidance/use-making-tax-digital-for-income-tax/adjust-your-self-employment-and-property-income]
Hi there,
And yes, just to confirm, you will be able to the annual property allowance in the MTD Tax Return at the year end.
Tommy