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Telephone: 020 8458 7244| Email: info@zanepartnership.co.uk
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
Income up to £1,000: Property income assessable NIL
Income over £1,000: Election to deduct £1,000 rather than the actual expenses
A trade allowance is available to individuals.
There is an equivalent rule for certain miscellaneous income. This will apply to the extent that the £1,000 trading allowance is not used against trading income.
The trade allowance is not available against partnership income.
Income up to £1,000: Profits assessable NIL Income over £1,000: Election to deduct £1,000 allowance rather than the actual expenses
Income up to £1,000: Profits assessable NIL
Income over £1,000: Election to deduct £1,000 allowance rather than the actual expenses
01 May 2025
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“ As a self employed builder, The Zane Partnership have been doing my accounts for over 20 years. I have found them helpful, efficient and friendly and would not hesitate to recommend their services. ”
“ We have been with Raj for a number of years and have always been satisfied with him and his team. He is very approachable and professional . He has also been very accommodating in meeting us at a time convenient for us within reason. Would definitely recommend him. ”
“ Raj has been my accountant since 2000. He is helpful, sincere and provides excellent financial and business advice. I heartily recommend his services. ”
“ The Zane Partnership has been our accountants for over 20 years. Raj is a remarkable person, highly professional in his work and has vast experience in taxation. I would unhesitatingly recommend him. ”
“ The Zane Partnership have been our accountants for almost two years. I have found Mr Raj Banga and his team exceptional. ”
“ A gentleman and thoroughly professional accountant, I would not hesitate to recommend Raj to friends and colleagues. ”
If you wish to talk to The Zane Partnership over the phone, request a call back using our helpful form below.