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Tax-free income limit from TT Homestay to go up 3 August 2006

The tax-free income limit in respect of the TT Homestay Scheme is to be raised to £1,500.

Following consultation with the Department of Tourism and Leisure, Treasury has taken this decision to assist with finding accommodation for the expected large number of visitors for the Centenary TT in 2007.

A full copy of the News Release issued by Income Tax Division can be found by clicking here.

M Couch

Assessor of Income Tax

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