Category : Search result: rental income tax


Call to Double State Pensioners' Tax Allowance

A parliamentary petition urges HMRC to double the personal tax allowance for state pensioners to £25,140. With 10,000 signatures, it seeks to protect pensioners from rising tax bills as thresholds remain frozen.

HMRC uses AI to target tax evasion and fraud

HMRC is turning to artificial intelligence to tackle a £700m tax gap and improve compliance. The technology will identify risks faster but human caseworkers will make final decisions. Read the latest.

Driveway rental earns UK household over £4,000

A London homeowner reveals how a £30 parking permit unlocked a passive income stream, earning over £4,300 in two years by renting his driveway. Experts urge others to consider this simple side hustle.

Calls for £20,000 Personal Tax-Free Allowance Grow

A public petition urges the Labour government and HMRC to raise the personal allowance from £12,570 to £20,000, offering families potential savings of nearly £3,000. Over 28,000 have signed.

£6k-a-month loft in former Leamington Spa factory

A 19th-century former printworks in Leamington Spa has been transformed into a stunning New York-style loft apartment, now renting for £6,000 per month. Discover its incredible hidden features.

Lloyds Bank's £2bn rental property push targets 50,000 homes

Lloyds Bank's property arm, Lloyds Living, has built a £2bn portfolio of 7,500 rental homes. The high street giant plans to expand to 50,000 properties by 2030. Discover the strategy behind this major move into the UK rental market.

HMRC Sends New Tax Codes to UK Households

HMRC is issuing revised tax codes midway through the 2025/26 tax year, impacting savers. Check your code now to avoid over or underpaying tax on your savings interest.

UK Tax-Free Income Boost: Rent a Room for £7,500

Discover how HMRC's Rent a Room Scheme lets UK households earn up to £7,500 tax-free annually, potentially raising your total tax-free allowance to £20,070. Learn the rules and see if you qualify.

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