Self Assessment tax return

Pingu1

I am filling out my first self assessment tax return and would like to know if I should include income I recieved from renting out my parking space last tax year? I earned £183.43 for the year. I read this article on MSE - https://www.moneysavingexpert.com/shopping/cheap-parking-rental/. Is it still correct?

Woodstok2000

Yes. If your total rental income is under £1000 you don't need to declare it.

poseidon1

This is the specific provision relieving you of the need to self assess this small amount of property income

https://www.gov.uk/guidance/tax-free-allowances-on-property-and-trading-income#:~:text=This allowance does not apply,tell HMRC if you have:

The relief is mentioned in the explanatory notes for completion of the return (Property Income Allowance) below -

https://assets.publishing.service.gov.uk/media/68da62da49e17d00a56ffb53/SA150-Notes-2025.pdf

Pingu1

Thank you.