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Posted Wed, 21 Aug 2024 02:12:47 GMT by Juttni786
Hello, I have recently learned about trading, property and dividend allowance a part from personal allowance. I want to know what if a person has an income from wages and consumed his full personal allowance but also have other incomes from trading (hire out equipment) , rental property and dividend from a ltd company. Can he get tax free allowance of £1000 for trading £1000 from rental and £500 for dividend income on top of personal allowance?
Posted Thu, 05 Sep 2024 08:09:52 GMT by HMRC Admin 20 Response
Hi,
That is correct, you are entitled to those allowances as listed - you can read more here Tax-free allowances on property and trading income
Thank you.

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