Tax Rates and Allowances 2022/23
Property Allowance
Capital Allowances - Plant & Machinery ⭢
Employee's Statutory Payments ⭢
Income Tax Rates - Across the UK ⭢
Individual Savings Account (ISA) ⭢
Land and Buildings Transaction Tax ⭢
Mileage Allowance Payments (MAPs) for Employees ⭢
National Insurance Contributions (NIC) - Rates and Allowances ⭢
Pensions Automatic Enrolment ⭢
Pensions - Tax Relief on Pension Contributions ⭢
Property Allowance ⭢
Vehicle Excise Duty (VED) - Passenger Cars ⭢
- A property allowance is available to 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 | Property income assessable NIL |
| Income over £1,000 | Election to deduct £1,000 rather than the actual expenses |