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Posted Sun, 28 Jan 2024 00:20:50 GMT by
I am in receipt of rental income and have now also gone self employed to boost my income. Doing my self assessment and am confident with doing the rental part. However my self employment income income has gone over £1000. Can I claim the £1000 trading allowance against this?
Posted Wed, 31 Jan 2024 10:24:42 GMT by HMRC Admin 21 Response
Hi Demelza,
Yes you can claim the trading allowance. If you opt for this, you cannot claim any other expenses for the self employment.
Thank you.

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