• From 6 April 2017 a property allowance of £1,000 per annum is introduced for individuals.

• The property allowance will not apply to partnership income or to income on which rent a room relief is given.

Income up to £1,000
Profits assessable NIL
Income over £1,000
Election to deduct £1,000 rather than the actual expenses



This publication is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this publication can be accepted by the authors or the firm.