getitright Thomson
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Use of trading allowance
The income from properties is declared and tax paid upon the profits. There is also a small amount of income from employment as a casual musician. Does this extra income qualify for the trading allowance of £1,000, or should this be declared alongside the income from the properties, and therefore taxed? -
Payment for maintenance jobs
My wife is a landlord. I am retired and carry out all of the maintenance jobs on the property. Can she pay me under 'allowable expenses'?