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United Kingdom · Question · Written question

UIN 106981

Tax Allowances

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answeredUnited Kingdom· UK Parliament· EN

Introduced

20 January 2026

Last action

28 January 2026 · Answer

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Answered

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Discovery layer

Source updated

28 January 2026

Summary

To ask the Chancellor of the Exchequer, what estimate she has made of the cost of the £1,000 tax free allowance for (a) trading and (b) property income in each of the last three years for which figures are available.

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Timeline

  1. 20 January 2026

    Written question

    To ask the Chancellor of the Exchequer, what estimate she has made of the cost of the £1,000 tax free allowance for (a) trading and (b) property income in each of the last three years for which figures are available.

    Source: Commons

  2. 28 January 2026

    Answer

    The tax-free allowances simplify the tax system and keep low levels of casual income out of taxation. Individuals with trading income or property income at £1,000 or below are not required to report the income and the use of allowances to HMRC through Sel...

    Source: Written answer

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