More than 65,000 homeowners across Great Britain took advantage of an easy side hustle last year which netted them up to £1,000 of much-needed tax-free income, with many earning significantly more.
At a time when most people are feeling the impact of rising costs across all sectors, astute homeowners have increasingly searched for alternative ways to bring in extra cash, with renting out a spare car parking space proving a particularly popular hit.
The UK Government currently allows for individuals to earn up to £1,000 as a trading allowance, in addition to the personal tax allowance of £12,750.
Due to the rising popularity of the hack, the online parking platform, YourParkingSpace, has already noticed a 10 per cent increase of homeowners registering their driveways on its site between January and May this year.
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