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Property allowance

Answer
corshenna
Posted Thu, 31 Oct 2024 14:24:59 GMT by corshenna
I own property and I receive rental income from the property. I also received dividends from a property company. Can I claim property allowance on the property I own outside of the property business?
Answer
HMRC Admin 17 Response
Posted Tue, 05 Nov 2024 08:18:51 GMT by HMRC Admin 17 Response

Hi ,
 
No If you receive income from Real Estate Investment Trusts (REITs) and Property Authorised Investment Funds (PAIFs) dividends and distributions please put these amounts in box 17 on page TR 3 of your main tax return. 

The £1,000 property income allowance cannot be used against income from either of those sources.

Thank you .

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