๐๐ก๐๐๐ค ๐ฒ๐จ๐ฎ๐ซ ๐๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ฎ๐ซ๐๐ง๐๐ ๐ซ๐๐๐จ๐ซ๐
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There is no excerpt because this is a protected post.
Individuals making capital disposals do not pay capital gains tax if their net gains for the tax year (chargeable gains less allowable losses for the year) are covered by the annual exempt amount. This is essentially a personal allowance for capital gains tax purposes, and each individual is entitled to their own annual exempt amount.
As the cost-of-living crisis continues to bite, the idea of earning tax-free income is appealing. If you have a spare room, you can make this a reality by letting it out and taking advantage of the rent-a-room scheme. What is rent-a-room? The rent-a-room scheme allows you to earn up to ยฃ7,500 tax free each tax
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Whether a claim for the cost of work clothes is tax deductible is covered by the general rule for deduction of any expenses incurred by an employee. Statute states that any expense incurred is allowed if the employee is obliged to incur the expense and that amount is incurred ‘wholly, exclusively and necessarily in the