Written Question·Treasury·UIN 106980

Tax Allowances

Tabled: 20 January 2026

Answered: 28 January 2026

Question

Steve Barclay

Conservative — North East Cambridgeshire

To ask the Chancellor of the Exchequer, what estimate she has made of the number of people using 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.

Answer

Dan Tomlinson

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...

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