Property News · March 21, 2016

Sharing economy gets shot in arm from £1,000 tax-free allowances


You don’t have to worry about being an eBay or Airbnb tax-dodger any more – new allowances unveiled in last week’s budget are a relief to ‘micro entrepreneurs’ in more ways than oneGeorge Osborne’s announcement in last week’s budget that “micro-entrepreneurs” are to get two new £1,000 tax-free allowances will have been a relief for the new generation of landlords who rent out rooms on Airbnb, or weekend traders who make small amounts selling goods on eBay.In the budget the new relief was framed as coming at a time of “rapid growth of the digital and sharing economy”, but it will be available for anyone making small profits offline too. Continue reading…

Source : theguardian.com
Read more…Sharing economy gets shot in arm from £1,000 tax-free allowances

You may also like...