If you earn income from property rental, the Property Allowance can be a valuable tool for reducing your tax liability. Here’s how to take full advantage of this allowance and optimize your savings. What is the Property Allowance? The Property Allowance is a tax relief that allows individuals to earn up to £1,000 in rental

When it comes to selling your main residence, the tax relief known as Principal Private Residence Relief (PPRR) can significantly reduce or eliminate the Capital Gains Tax (CGT) you owe. Understanding how permitted absences affect this relief can help you maximize your savings. Here’s how you can make the most of it: What is Main