As a landlord, you must normally pay income tax on any profit you receive from any rental properties you own. Put simply, your profit is the sum left once you’ve added together your rental income and deducted any
expenses or allowances. And if you have a mortgage on the property you let out, you can include some of the mortgage interest you incur as an expense. You can find out more in our guide to buy-to-let mortgage tax relief. Our short video explains how tax on rental income works. What counts as rental income for landlords? <p>Your income is primarily the rent you receive but also covers any other payments from tenants for services normally provided by a landlord. These include: </p> <ul><li>Cleaning of communal areas</li> <li>Utility bills - including hot water, heating, broadband and water</li> <li>Arranging repairs to the property</li> </ul><p>If you charge any non-refundable deposits for your property these will also count as rental income, as will money that's kept over from a returnable deposit at the end of the tenancy. </p> <p>You're able to deduct expenses you incur from letting the property. We explain how this works in our guide: <a target="_blank" class="mention-article" data-parent-id="8590" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/allowable-expenses-and-allowances-atdn93l9wyqp">expenses and allowances landlords can claim</a>.</p> <p>You can also deduct a portion of the interest you pay on your mortgage, although this relief is being phased out. Find out more in <a target="_blank" class="mention-article" data-parent-id="9627" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/buy-to-let-mortgage-tax-relief-changes-explained-atnsv0j6j782">our guide to buy-to-let mortgage interest tax relief</a>.</p> <h3>What rental income is taxable: an example</h3> <p>For example, a landlord charging £750 per month rent, inclusive of bills would need to recognise the whole amount as income (though some of these costs could be charged as expenses). </p> <p>If, at the end of the tenancy, the tenant agreed to forfeit £500 of their deposit to cover repairs to the property, this would count towards the rental income. Though the rent would be £9,000 for the year, the landlord would need to declare their income as £9,500. </p> <p>However, the landlord would be able to deduct the £500 they paid for repairs as an expense.</p> <ul><li>Get a head start on your 2021-22 tax return with the <a href="https://www.which.co.uk/money/tax-calculator" target="_blank">Which? tax calculator</a>. Tot up your tax bill, get tips on where to save and submit your return direct to HMRC with Which?.</li> </ul><h2 id="headline_3">Tax on rental income from multiple properties</h2> <p>If you have several properties, all rental receipts and expenses can be lumped together, so expenses on one property can be deducted from receipts on another.</p> <p>However, if you own properties and also own a share of a rental business that profits from letting out properties, it's important to note that these will be treated as two separate rental businesses - and you won't be allowed to offset losses on one against profits from another. </p> <p>Similarly, <a target="_blank" class="mention-article" data-parent-id="8594" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/tax-on-overseas-property-acq0f5m4vw5v">overseas properties</a> are treated separately to any properties you hold in the UK, so you can’t lump together your UK holiday let and your Spanish property. There's a separate section in your tax return for declaring profits from overseas property. </p> <h2 id="headline_4">How much tax will I pay on my rental income?</h2> <p>Your rental profits are taxed at the same rates as income you receive from your business or employment – 0%, 20%, 40% or 45%, depending on which tax band the income falls into.</p> <p>Your rental income gets added to any other income you earn, which could tip you into a higher tax bracket. For example:</p> <ul><li>You earn £40,000 a year from your job</li> <li>You make £13,000 in profit from a rental property</li> <li>This tips you over the £50,270 threshold for higher-rate tax in 2022-23.</li> <li>You'll pay 40% on the £2,730 above this threshold</li> </ul><h2 id="headline_5">When do I pay tax on rental income?</h2> <p>You have to pay tax on the profits you make in each tax year – these run from 6 April to 5 April the following year.</p> <p>You must declare rental income for the tax year it’s due, even if you’re not paid until the tax year is over. </p> <p>In terms of expenses, you can deduct any allowable expenses which relate to work done for a particular tax year – it doesn’t matter whether you pay the bill before or after the end of the tax year.</p> <h3>Rental income vs trading income</h3> <div> <p>If you provide services not normally offered by a landlord, such as:</p> <ul><li>cleaning of rooms when let</li> <li>a regular laundry service, or</li> <li>regular meals </li> </ul><p>This income will usually be treated separately as trading income rather than rental income.</p> <p>The whole of your income will be treated as trading income if you run a hotel, B&B or guesthouse. Our guide on <a target="_blank" class="mention-article" data-parent-id="8582" href="https://www.which.co.uk/money/tax/income-tax/income-tax-for-the-self-employed/paying-tax-self-employed-a7gzb4c1wucx">working for yourself</a> explains more about how trading income is taxed.</p> <p>Alternatively, you can claim <a target="_blank" class="mention-article" data-parent-id="8592" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/rent-a-room-scheme-letting-a-room-in-your-home-azk7l7f28wuz">rent-a-room relief</a> even if you’re trading, providing you let furnished accommodation within your own home.</p> <h2 id="headline_6">Completing a tax return for rental income</h2> <div> <p>If you don't already receive a tax return, you must notify HMRC of any rental income by 5 October after the end of the tax year (5 April). You will usually need to fill in a <a target="_blank" class="mention-article" data-parent-id="9074" href="https://www.which.co.uk/money/tax/income-tax/self-assessment-tax-return/self-assessment-tax-al98c7k047tx">self-assessment tax return</a> if you earn money from renting out property.</p> <p>The deadline for making a paper tax return is 31 October. For an online return the deadline is 31 January the following year.</p> <h3>Main tax return</h3> <p>If your total income from UK property is £10,000 or more for the tax year before expenses, you must complete the main tax return. </p> <p>You'll also need to complete a tax return if your rental income is above £2,500 after deducting rental expenses. </p> <p>If it’s under £2,500, HMRC may be able to collect the tax through the <a target="_blank" class="mention-article" data-parent-id="9072" href="https://www.which.co.uk/money/tax/income-tax/tax-codes-and-paye/what-is-paye-ac3jl5z72h2g">PAYE</a> system if you already pay tax in this way – through your salary or pension, for example. <a target="_blank" href="https://www.gov.uk/government/organisations/hm-revenue-customs/contact/self-assessment">Contact HMRC</a> for more information.</p> <h3>Supplementary pages</h3> <p>If your income is from UK property, including UK holiday lets, you’ll need to complete the <a target="_blank" href="https://www.gov.uk/government/publications/self-assessment-uk-property-sa105" title="">UK property pages</a> or, if your property is abroad, the <a target="_blank" href="https://www.gov.uk/government/publications/self-assessment-foreign-sa106" title="">foreign pages</a>.</p> <p>If you're running a trade, such as a hotel, guesthouse or a B&B, you’re treated as being self-employed and need to fill in the <a target="_blank" href="https://www.gov.uk/self-assessment-tax-returns" title="">self-employment pages</a>.</p> <p>This also applies if some of your income is treated as trading income (see rental income vs trading income, above).</p> <h2 id="headline_7">Declaring losses on rental income</h2> <p>Losses from UK rental properties can be carried forward to set against future profits from your UK properties.</p> <p>So if in the 2021-22 tax year, you received rental income of £8,000, but had (claimable) expenses worth £10,000, you would record a £2,000 loss for the year. </p> <p>You're not allowed to offset this against your tax bill from other sources of income, such as dividends or pension income, for the year. </p> <p>Instead, if you went on to make rental profits of £5,000 in the 2022-23 tax year, you could deduct your previous £2,000 loss, so you'd only owe tax on rental profits of £3,000. </p> <h2 id="headline_8">Paying tax when you sell a rental property</h2> <p>You’ll usually have to pay capital gains tax (CGT) when you sell the property you have been letting. Special rules apply if the property is or has been your home. </p> <p>Otherwise, the property is treated in the same way as the sale of any other asset, and you'll pay either 18% (if you're a basic-rate taxpayer) or 28% (if you're a higher or additional-rate taxpayer).</p> <p>For property sales made between 6 April 2020 and 26 October 2021, the window to pay your CGT bill was 30 days. </p> <p>After 26 October 2021 the deadline for people to report and pay CGT on the property is 60 days.</p> <p><strong>Find out more:</strong> <a target="_blank" class="mention-article" data-parent-id="8526" href="https://www.which.co.uk/money/tax/capital-gains-tax/capital-gains-tax-on-property-avuq96u1500f">capital gains tax on property explained in full</a></p> </div> </div> </div> </div> <div class="wm-share-block"> <div class="wm-share-block__share-text">SHARE THIS PAGE</div> <div class="wm-share-block__sharing-icons"> <a id="facebook" data-which-social="share" data-url="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/how-rental-income-is-taxed-ayc3w9f6kxgz" data-text="How rental income is taxed" class="wm-share-block__share-icon wm-share-block__facebook-icon"> <div class="wm-share-block__share-icon-inner"> <svg xmlns="http://www.w3.org/2000/svg" width="10" height="18" viewbox="0 0 10 18"> <path fill-rule="evenodd" d="M9.07 3.055H7.177c-.663 0-.899.378-.899.891V5.73H9.07l-.33 3.145H6.277v8.77h-3.74v-8.77H.646V5.73H2.54V3.946c0-2.109.71-3.8 3.74-3.894H9.07v3.003z" /> </svg> </div> </a><a id="twitter" data-which-social="share" data-url="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/how-rental-income-is-taxed-ayc3w9f6kxgz" data-text="How rental income is taxed" class="wm-share-block__share-icon wm-share-block__twitter-icon"> <div class="wm-share-block__share-icon-inner"> <svg xmlns="http://www.w3.org/2000/svg" width="19" height="16" viewbox="0 0 19 16"> <path fill-rule="evenodd" d="M18.949 2.402a7.596 7.596 0 0 1-2.195.6 3.817 3.817 0 0 0 1.68-2.096 7.687 7.687 0 0 1-2.427.919A3.838 3.838 0 0 0 13.216.629c-2.111 0-3.824 1.696-3.824 3.786 0 .299.034.59.1.866a10.877 10.877 0 0 1-7.88-3.96 3.742 3.742 0 0 0-.518 1.903c0 1.315.676 2.477 1.7 3.156a3.806 3.806 0 0 1-1.73-.476v.05c0 1.837 1.317 3.368 3.065 3.718a3.975 3.975 0 0 1-1.725.063 3.82 3.82 0 0 0 3.57 2.63 7.709 7.709 0 0 1-4.746 1.623c-.31 0-.615-.016-.914-.053a10.892 10.892 0 0 0 5.862 1.701c7.03 0 10.877-5.772 10.877-10.78 0-.167-.005-.324-.011-.49a7.667 7.667 0 0 0 1.907-1.964" /> </svg> </div> </a><a target="_blank" id="email" data-which-social="share" href="mailto:?Subject=How%20rental%20income%20is%20taxed&body=As%20a%20landlord,%20you'll%20need%20to%20pay%20income%20tax%20on%20the%20rent%20you%20receive%20from%20your%20properties.%20This%20guide%20explains%20how%20you%20calculate%20what%20you%20pay%20and%20how%20income%20tax%20is%20applied%20to%20rental%20income.%20%0A%0Ahttps%3A%2F%2Fwww.which.co.uk%2Fmoney%2Ftax%2Fincome-tax%2Ftax-on-property-and-rental-income%2Fhow-rental-income-is-taxed-ayc3w9f6kxgz" class="wm-share-block__share-icon wm-share-block__email-icon"> <div class="wm-share-block__share-icon-inner"> <svg xmlns="http://www.w3.org/2000/svg" width="18" height="12" viewbox="0 0 18 12"> <path fill-rule="evenodd" d="M0 2.009C0 .899.893 0 1.995 0h24.01C17.107 0 18 .902 18 2.009V9.99c0 1.11-.893 2.009-1.995 2.009H1.995A2.004 2.004 0 0 1 0 9.991V2.01zm0-.033L9 6.13l9-4.153v1.742L9 7.871 0 3.718V1.976z" /> </svg> </div> </a> </div> </div> <div id="wm-tooltip-wrapper"> <div class="wm-tooltip-title"> <h6></h6> </div> <span class="wm-tooltip-close"></span> <p class="wm-tooltip-text"></p> </div> </section> </article> <div class="content-box"> <div class="border-bottom placeholder-article-width padding-bottom"> <div ub-in-page="5df11a2f1a8e9e0bb5749bb6"></div> </div> </div></div></div><div class="clear-both"></div></div><div><div><div style="margin:0px"><div class="wm-widget-wrapper"><div class="wm-custom-link-widget"><div> <section class="wm-custom-link-widget__calculate" data-which-section-name="RelatedTool" data-which-id="RelatedTool_Tax calculators"> <div class="wm-custom-link-widget__title">Work out your tax bill</div> <div class="wm-custom-link-widget__description">Use these calculators to estimate how much tax you’ll be paying this year.</div> <div class="wm-custom-link-widget__items"> <a target="_blank" href="https://www.which.co.uk/money/tax/tax-calculators/national-insurance-calculator-aw6yt3g6vd0g" class="wm-custom-link-widget__item" data-which-link="related tool" data-which-related-position="side panel or end of content"> <span class="wm-custom-link-widget__item-icon"></span> <span class="wm-custom-link-widget__item-text">National Insurance calculator</span> <span class="wm-custom-link-widget__item-arrow"></span> </a> <a target="_blank" href="https://www.which.co.uk/money/tax/tax-calculators/income-tax-calculator-ad9xh2l9wxxr" class="wm-custom-link-widget__item" data-which-link="related tool" data-which-related-position="side panel or end of content"> <span class="wm-custom-link-widget__item-icon"></span> <span class="wm-custom-link-widget__item-text">Income tax calculator</span> <span class="wm-custom-link-widget__item-arrow"></span> </a> <a target="_blank" href="https://www.which.co.uk/money/tax/tax-calculators/council-tax-calculator-a2vy56f04g67" class="wm-custom-link-widget__item" data-which-link="related tool" data-which-related-position="side panel or end of content"> <span class="wm-custom-link-widget__item-icon"></span> <span class="wm-custom-link-widget__item-text">Council tax calculator </span> <span class="wm-custom-link-widget__item-arrow"></span> </a> </div> <div class="wm-custom-link-widget__link-wrapper"> <a target="_blank" class="wm-custom-link-widget__link" href="https://www.which.co.uk/money/tax/tax-calculators">All 7 calculators</a> </div> </section> </div></div><div class="wm-custom-link-widget"><div><div class="wm-custom-link-widget__calculate"> <div class="wm-custom-link-widget__title wm-custom-link-widget__second-title">Do your tax return online with Which?</div> <div class="wm-custom-link-widget__description">Use our jargon-free calculator to complete and securely submit your tax return direct to HMRC.</div> <div class="wm-custom-link-widget__items"> <a target="_blank" href="https://www.which.co.uk/money/tax-calculator?utm_medium=groupreferral&utm_source=www.which.co.uk/money&utm_campaign=moneytotaxcalc&utm_content=button-cta&utm_term=income-tax" class="wm-custom-link-widget__item wm-custom-link-widget__button button important wm-small-advert-button" data-which-id="moneyInternalPromotionButton" data-which-section="true" data-which-section-name="SmallAdvert"> <span class="wm-custom-link-widget__item-text">Which? tax calculator</span> <span class="wm-custom-link-widget__item-arrow"></span> </a> </div> </div> </div></div><div class="clear-both"></div></div></div></div><div class="clear-both"></div></div><div><div><div class="wm-full-guide-wrapper"> <div class="wm-full-guide-widget"> <div class="wm-full-guide-widget__title">Continue reading</div> <div class="wm-full-guide-widget__block"> <a target="_blank" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/allowable-expenses-and-allowances-atdn93l9wyqp" class="wm-full-guide-widget__item" data-which-id="continue-reading" data-which-location="bottom"> <div class="wm-full-guide-widget__icon-wrapper"> <span class="wm-full-guide-widget__icon"></span> </div> <div class="wm-full-guide-widget__text-wrapper"> <span class="wm-full-guide-widget__text">Expenses and allowances landlords can claim</span> </div> </a> <a target="_blank" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/buy-to-let-mortgage-tax-relief-changes-explained-atnsv0j6j782" class="wm-full-guide-widget__item" data-which-id="continue-reading" data-which-location="bottom"> <div class="wm-full-guide-widget__icon-wrapper"> <span class="wm-full-guide-widget__icon"></span> </div> <div class="wm-full-guide-widget__text-wrapper"> <span class="wm-full-guide-widget__text">Buy-to-let mortgage interest tax relief explained</span> </div> </a> </div><div class="wm-full-guide-widget__block"> <a target="_blank" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/tax-on-overseas-property-acq0f5m4vw5v" class="wm-full-guide-widget__item" data-which-id="continue-reading" data-which-location="bottom"> <div class="wm-full-guide-widget__icon-wrapper"> <span class="wm-full-guide-widget__icon"></span> </div> <div class="wm-full-guide-widget__text-wrapper"> <span class="wm-full-guide-widget__text">Tax on overseas property</span> </div> </a> <a target="_blank" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/rent-a-room-scheme-letting-a-room-in-your-home-azk7l7f28wuz" class="wm-full-guide-widget__item" data-which-id="continue-reading" data-which-location="bottom"> <div class="wm-full-guide-widget__icon-wrapper"> <span class="wm-full-guide-widget__icon"></span> </div> <div class="wm-full-guide-widget__text-wrapper"> <span class="wm-full-guide-widget__text">Rent-a-room scheme: Letting a room in your home</span> </div> </a> </div> <div class="wm-full-guide-widget__link-wrapper"> <a target="_blank" class="wm-full-guide-widget__link" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income">All 5 articles in guide</a> </div> </div> </div></div><div class="clear-both"></div></div></div></div><div class="wm-col-right"><div><div class="wm-custom-link-widget__calculate"> <div class="wm-custom-link-widget__title wm-custom-link-widget__second-title">Do your tax return online with Which?</div> <div class="wm-custom-link-widget__description">Use our jargon-free calculator to complete and securely submit your tax return direct to HMRC.</div> <div class="wm-custom-link-widget__items"> <a target="_blank" href="https://www.which.co.uk/money/tax-calculator?utm_medium=groupreferral&utm_source=www.which.co.uk/money&utm_campaign=moneytotaxcalc&utm_content=button-cta&utm_term=income-tax" class="wm-custom-link-widget__item wm-custom-link-widget__button button important wm-small-advert-button" data-which-id="moneyInternalPromotionButton" data-which-section="true" data-which-section-name="SmallAdvert"> <span class="wm-custom-link-widget__item-text">Which? tax calculator</span> <span class="wm-custom-link-widget__item-arrow"></span> </a> </div> </div> <section class="wm-custom-link-widget__calculate" data-which-section-name="RelatedTool" data-which-id="RelatedTool_Tax calculators"> <div class="wm-custom-link-widget__title">Work out your tax bill</div> <div class="wm-custom-link-widget__description">Use these calculators to estimate how much tax you’ll be paying this year.</div> <div class="wm-custom-link-widget__items"> <a target="_blank" href="https://www.which.co.uk/money/tax/tax-calculators/national-insurance-calculator-aw6yt3g6vd0g" class="wm-custom-link-widget__item" data-which-link="related tool" data-which-related-position="side panel or end of content"> <span class="wm-custom-link-widget__item-icon"></span> <span class="wm-custom-link-widget__item-text">National Insurance calculator</span> <span class="wm-custom-link-widget__item-arrow"></span> </a> <a target="_blank" href="https://www.which.co.uk/money/tax/tax-calculators/income-tax-calculator-ad9xh2l9wxxr" class="wm-custom-link-widget__item" data-which-link="related tool" data-which-related-position="side panel or end of content"> <span class="wm-custom-link-widget__item-icon"></span> <span class="wm-custom-link-widget__item-text">Income tax calculator</span> <span class="wm-custom-link-widget__item-arrow"></span> </a> <a target="_blank" href="https://www.which.co.uk/money/tax/tax-calculators/council-tax-calculator-a2vy56f04g67" class="wm-custom-link-widget__item" data-which-link="related tool" data-which-related-position="side panel or end of content"> <span class="wm-custom-link-widget__item-icon"></span> <span class="wm-custom-link-widget__item-text">Council tax calculator </span> <span class="wm-custom-link-widget__item-arrow"></span> </a> </div> <div class="wm-custom-link-widget__link-wrapper"> <a target="_blank" class="wm-custom-link-widget__link" href="https://www.which.co.uk/money/tax/tax-calculators">All 7 calculators</a> </div> </section> <div class="wm-full-guide-widget"> <div class="wm-full-guide-widget__title">Continue reading</div> <div class="wm-full-guide-widget__block"> <a target="_blank" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/allowable-expenses-and-allowances-atdn93l9wyqp" class="wm-full-guide-widget__item" data-which-id="continue-reading" data-which-location="sidebar"> <div class="wm-full-guide-widget__icon-wrapper"> <span class="wm-full-guide-widget__icon"></span> </div> <div class="wm-full-guide-widget__text-wrapper"> <span class="wm-full-guide-widget__text">Expenses and allowances landlords can claim</span> </div> </a> <a target="_blank" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/buy-to-let-mortgage-tax-relief-changes-explained-atnsv0j6j782" class="wm-full-guide-widget__item" data-which-id="continue-reading" data-which-location="sidebar"> <div class="wm-full-guide-widget__icon-wrapper"> <span class="wm-full-guide-widget__icon"></span> </div> <div class="wm-full-guide-widget__text-wrapper"> <span class="wm-full-guide-widget__text">Buy-to-let mortgage interest tax relief explained</span> </div> </a> </div><div class="wm-full-guide-widget__block"> <a target="_blank" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/tax-on-overseas-property-acq0f5m4vw5v" class="wm-full-guide-widget__item" data-which-id="continue-reading" data-which-location="sidebar"> <div class="wm-full-guide-widget__icon-wrapper"> <span class="wm-full-guide-widget__icon"></span> </div> <div class="wm-full-guide-widget__text-wrapper"> <span class="wm-full-guide-widget__text">Tax on overseas property</span> </div> </a> <a target="_blank" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income/rent-a-room-scheme-letting-a-room-in-your-home-azk7l7f28wuz" class="wm-full-guide-widget__item" data-which-id="continue-reading" data-which-location="sidebar"> <div class="wm-full-guide-widget__icon-wrapper"> <span class="wm-full-guide-widget__icon"></span> </div> <div class="wm-full-guide-widget__text-wrapper"> <span class="wm-full-guide-widget__text">Rent-a-room scheme: Letting a room in your home</span> </div> </a> </div> <div class="wm-full-guide-widget__link-wrapper"> <a target="_blank" class="wm-full-guide-widget__link" href="https://www.which.co.uk/money/tax/income-tax/tax-on-property-and-rental-income">All 5 articles in guide</a> </div> </div> <section class="wm-related-content" data-which-section="true" data-which-section-name="LatestNews"> <div class="wm-related-content__inner"> <div class="wm-related-content__headline">Latest tax news</div> <div class="wm-related-content__items"> <a target="_blank" href="https://www.which.co.uk/news/article/autumn-statement-rumours-what-could-the-new-prime-minister-mean-for-your-money-aWVNJ6e6ehFc" class="wm-related-content__item" data-which-id="latest-news" data-which-location="sidebar"> <div class="wm-related-content__image-wrapper" style="background-image:url(https://s3-eu-west-1.amazonaws.com/prod-media-which/prod/images/gm_medium_list_thumbnail/a490706ce89a-sunak.jpg)"> </div> <div class="wm-related-content__details-wrapper"> <div class="wm-related-content__item-headline">Autumn Statement rumours: what could the new Prime Minister mean for your money?</div> <div class="wm-related-content__item-date">26 Oct 2022</div> </div> </a> <a target="_blank" href="https://www.which.co.uk/news/article/which-money-podcast-u-turns-savings-rates-a9Xlg8W6RCGG" class="wm-related-content__item" data-which-id="latest-news" data-which-location="sidebar"> <div class="wm-related-content__image-wrapper" style="background-image:url(https://s3-eu-west-1.amazonaws.com/prod-media-which/prod/images/gm_medium_list_thumbnail/b247b85c29d4-uturnssavingsmoney-podcast.jpg)"> </div> <div class="wm-related-content__details-wrapper"> <div class="wm-related-content__item-headline">Which? Money podcast: u-turns & savings rates</div> <div class="wm-related-content__item-date">21 Oct 2022</div> </div> </a> <a target="_blank" href="https://www.which.co.uk/news/article/hmrc-warns-self-assessment-taxpayers-to-watch-out-for-scams-how-can-you-protect-yourself-aXlbk0e3jlqq" class="wm-related-content__item" data-which-id="latest-news" data-which-location="sidebar"> <div class="wm-related-content__image-wrapper" style="background-image:url(https://s3-eu-west-1.amazonaws.com/prod-media-which/prod/images/gm_medium_list_thumbnail/9861dac2ef46-romance-scamleadv2.jpg)"> </div> <div class="wm-related-content__details-wrapper"> <div class="wm-related-content__item-headline">HMRC warns self-assessment taxpayers to watch out for scams – how can you protect yourself?</div> <div class="wm-related-content__item-date">21 Oct 2022</div> </div> </a> <a target="_blank" href="https://www.which.co.uk/news/article/mini-budget-what-was-announced-and-what-has-changed-since-aEvHn0w0IGyw" class="wm-related-content__item" data-which-id="latest-news" data-which-location="sidebar"> <div class="wm-related-content__image-wrapper" style="background-image:url(https://s3-eu-west-1.amazonaws.com/prod-media-which/prod/images/gm_medium_list_thumbnail/5427e59b20c8-jeremy-hunt.jpg)"> </div> <div class="wm-related-content__details-wrapper"> <div class="wm-related-content__item-headline">Mini-budget: what was announced, and what has changed since?</div> <div class="wm-related-content__item-date">17 Oct 2022</div> </div> </a> </div> </div> </section> <div class="clear-both"></div> </div></div><div class="clear-both"></div></div></div></div><div class="clear-both"></div></div><div class="wm-related-guides"><div><div style="margin:0px"><div class="wm-related-guides_inner"><div><div> <div class="wm-related-guides__main-title">Related guides in Income tax</div> <section class="wm-relateg-guide__inner-wrapper" data-which-section="true" data-which-section-name="RelatedGuides_Related guides in Income tax"> <div class="wm-related-guides__link" data-type="article"> <a target="_blank" href="https://www.which.co.uk/money/tax" class="wm-related-guides__item-headline" data-which-id="money-related-guides" data-which-category="Tax">In <span>Tax</span></a> <a target="_blank" href="https://www.which.co.uk/money/tax/national-insurance/what-is-national-insurance-a01s79v8uxrp" class="wm-related-guides__link-inner" data-which-id="money-related-guides" data-which-category="Tax"> <div class="wm-related-guides__main-box"> <div class="wm-related-guides__title-box"> <div class="wm-related-guides__title-box-inner" style="border-left:8px solid #673AB7"> <div class="wm-related-guides__icon-wrapper" style="background-color:#673AB7"> <img src="https://static.money.product.which.co.uk/money/media/images/150x150_ct/289_icon_tax_3x_8819c28cbed618ee485a249450a70d64.png"> </div> <div class="wm-related-guides__title-wrapper"> <div class="wm-related-guides__title">What is National Insurance?</div> </div> </div> </div> </div> <div class="wm-related-guides__bottom-box"> <div class="wm-related-guides__bottom-box-inner"> Find out everything you need to know about National Insurance and your National Insurance number. </div> </div> </a> </div> <div class="wm-related-guides__link" data-type="article"> <a target="_blank" href="https://www.which.co.uk/money/tax" class="wm-related-guides__item-headline" data-which-id="money-related-guides" data-which-category="Tax">In <span>Tax</span></a> <a target="_blank" href="https://www.which.co.uk/money/tax/saving-on-tax/35-ways-to-save-on-tax-a18nb3s9144f" class="wm-related-guides__link-inner" data-which-id="money-related-guides" data-which-category="Tax"> <div class="wm-related-guides__main-box"> <div class="wm-related-guides__title-box"> <div class="wm-related-guides__title-box-inner" style="border-left:8px solid #673AB7"> <div class="wm-related-guides__icon-wrapper" style="background-color:#673AB7"> <img src="https://static.money.product.which.co.uk/money/media/images/150x150_ct/289_icon_tax_3x_8819c28cbed618ee485a249450a70d64.png"> </div> <div class="wm-related-guides__title-wrapper"> <div class="wm-related-guides__title">35 ways to save on tax</div> </div> </div> </div> </div> <div class="wm-related-guides__bottom-box"> <div class="wm-related-guides__bottom-box-inner"> Use these 35 ways to pay less tax, including checking your tax code and making the most of tax credits and dozens of other ways to reduce your tax bill. </div> </div> </a> </div> </section> <div class="wm-follow-block"> <div class="wm-follow-block__follow-text">FOLLOW US ON</div> <div class="wm-follow-block__follow-icons"> <a target="_blank" class="wm-follow-block__follow-icon wm-follow-block__facebook-icon" data-which-social="follow" href="https://www.facebook.com/WhichMoney"> <div class="wm-follow-block__follow-icon-inner"> <svg xmlns="http://www.w3.org/2000/svg" width="10" height="18" viewbox="0 0 10 18"> <path fill-rule="evenodd" d="M9.07 3.055H7.177c-.663 0-.899.378-.899.891V5.73H9.07l-.33 3.145H6.277v8.77h-3.74v-8.77H.646V5.73H2.54V3.946c0-2.109.71-3.8 3.74-3.894H9.07v3.003z" /> </svg> </div> </a> <a target="_blank" class="wm-follow-block__follow-icon wm-follow-block__twitter-icon" data-which-social="follow" href="https://twitter.com/WhichMoney"> <div class="wm-follow-block__follow-icon-inner"> <svg xmlns="http://www.w3.org/2000/svg" width="19" height="16" viewbox="0 0 19 16"> <path fill-rule="evenodd" d="M18.949 2.402a7.596 7.596 0 0 1-2.195.6 3.817 3.817 0 0 0 1.68-2.096 7.687 7.687 0 0 1-2.427.919A3.838 3.838 0 0 0 13.216.629c-2.111 0-3.824 1.696-3.824 3.786 0 .299.034.59.1.866a10.877 10.877 0 0 1-7.88-3.96 3.742 3.742 0 0 0-.518 1.903c0 1.315.676 2.477 1.7 3.156a3.806 3.806 0 0 1-1.73-.476v.05c0 1.837 1.317 3.368 3.065 3.718a3.975 3.975 0 0 1-1.725.063 3.82 3.82 0 0 0 3.57 2.63 7.709 7.709 0 0 1-4.746 1.623c-.31 0-.615-.016-.914-.053a10.892 10.892 0 0 0 5.862 1.701c7.03 0 10.877-5.772 10.877-10.78 0-.167-.005-.324-.011-.49a7.667 7.667 0 0 0 1.907-1.964" /> </svg> </div> </a> </div> </div> </div></div><div class="clear-both"></div></div></div></div><div class="clear-both"></div></div><div><div><div></div></div><div class="clear-both"></div></div><div><div><div> <section class="wm-related-content" data-which-section="true" data-which-section-name="LatestNews"> <div class="wm-related-content__inner"> <div class="wm-related-content__headline">Latest tax news</div> <div class="wm-related-content__items"> <a target="_blank" href="https://www.which.co.uk/news/article/autumn-statement-rumours-what-could-the-new-prime-minister-mean-for-your-money-aWVNJ6e6ehFc" class="wm-related-content__item" data-which-id="latest-news" data-which-location="bottom"> <div class="wm-related-content__image-wrapper" style="background-image:url(https://s3-eu-west-1.amazonaws.com/prod-media-which/prod/images/gm_medium_list_thumbnail/a490706ce89a-sunak.jpg)"> </div> <div class="wm-related-content__details-wrapper"> <div class="wm-related-content__item-headline">Autumn Statement rumours: what could the new Prime Minister mean for your money?</div> <div class="wm-related-content__item-date">26 Oct 2022</div> </div> </a> <a target="_blank" href="https://www.which.co.uk/news/article/which-money-podcast-u-turns-savings-rates-a9Xlg8W6RCGG" class="wm-related-content__item" data-which-id="latest-news" data-which-location="bottom"> <div class="wm-related-content__image-wrapper" style="background-image:url(https://s3-eu-west-1.amazonaws.com/prod-media-which/prod/images/gm_medium_list_thumbnail/b247b85c29d4-uturnssavingsmoney-podcast.jpg)"> </div> <div class="wm-related-content__details-wrapper"> <div class="wm-related-content__item-headline">Which? Money podcast: u-turns & savings rates</div> <div class="wm-related-content__item-date">21 Oct 2022</div> </div> </a> <a target="_blank" href="https://www.which.co.uk/news/article/hmrc-warns-self-assessment-taxpayers-to-watch-out-for-scams-how-can-you-protect-yourself-aXlbk0e3jlqq" class="wm-related-content__item" data-which-id="latest-news" data-which-location="bottom"> <div class="wm-related-content__image-wrapper" style="background-image:url(https://s3-eu-west-1.amazonaws.com/prod-media-which/prod/images/gm_medium_list_thumbnail/9861dac2ef46-romance-scamleadv2.jpg)"> </div> <div class="wm-related-content__details-wrapper"> <div class="wm-related-content__item-headline">HMRC warns self-assessment taxpayers to watch out for scams – how can you protect yourself?</div> <div class="wm-related-content__item-date">21 Oct 2022</div> </div> </a> <a target="_blank" href="https://www.which.co.uk/news/article/mini-budget-what-was-announced-and-what-has-changed-since-aEvHn0w0IGyw" class="wm-related-content__item" data-which-id="latest-news" data-which-location="bottom"> <div class="wm-related-content__image-wrapper" style="background-image:url(https://s3-eu-west-1.amazonaws.com/prod-media-which/prod/images/gm_medium_list_thumbnail/5427e59b20c8-jeremy-hunt.jpg)"> </div> <div class="wm-related-content__details-wrapper"> <div class="wm-related-content__item-headline">Mini-budget: what was announced, and what has changed since?</div> <div class="wm-related-content__item-date">17 Oct 2022</div> </div> </a> </div> </div> </section> <div class="clear-both"></div> </div></div><div class="clear-both"></div></div><div><div><div><div class="wm-back-to-top__wrapper" data-which-id="wm-back-to-top__wrapper"> <button id="wm-back-to-top__item" class="wm-back-to-top__item" data-which-id="wm-back-to-top__item"> <span class="wm-back-to-top__item-text">Back to top</span> <span class="wm-back-to-top__item-icon"></span> </button> </div><div class="wm-footer-wrapper"> <div class="wm-footer-wrapper__inner"> <p>Which? Limited is registered in England and Wales to 2 Marylebone Road, London NW1 4DF, company number 00677665 and is an Introducer Appointed Representative of the following:</p><p>Inspop.com Ltd for the introduction of non-investment motor, home, travel and pet insurance products (FRN 610689). Inspop.com Ltd is authorised and regulated by the Financial Conduct Authority to provide advice and arrange non-investment motor, home, travel and pet insurance products (FRN310635) and is registered in England and Wales to Greyfriars House, Greyfriars Road, Cardiff, South Wales, CF10 3AL, company number 03857130. Confused.com is a trading name of Inspop.com Ltd.<br> </p><p>LifeSearch Partners Limited (FRN 656479), for the introduction of Pure Protection Contracts, who are authorised and regulated by the Financial Conduct Authority to provide advice and arrange Pure Protection Contracts. LifeSearch Partners Ltd is registered in England and Wales to 3000a Parkway, Whiteley, Hampshire, PO15 7FX, company number 03412386.<br> </p> </div> </div> </div></div><div class="clear-both"></div></div><div><div><div></div></div><div class="clear-both"></div></div></div></div><div class="clear-both"></div></div><div><div><div></div></div><div class="clear-both"></div></div> <div class="wm-modal"> <div class="wm-modal-content"> <span class="wm-modal-close">×</span> <div id="which-form-5547d2b62e" data-template="small" data-id="callback-form-2"></div> </div> </div> </div> </div> </div> <footer class="b_e" data-which-id="global-footer" role="contentinfo"> <nav aria-label="Site footer"> <ul class="b_g"> <li class="b_i"> <a target="_blank" class="b_k" href="https://www.which.co.uk/help">Help Centre</a> </li><li class="b_i"> <a target="_blank" class="b_k" href="https://www.which.co.uk/about-which/sitemap">Which? Directory</a> </li><li class="b_i"> <a target="_blank" class="b_k" href="https://www.which.co.uk/help/accessibility-aXJfo8v4T1vP">Accessibility</a> </li><li class="b_i"> <a target="_blank" class="b_k" href="https://www.which.co.uk/help/terms-and-conditions-a7w0U9p3Udzr">Terms & conditions</a> </li><li class="b_i"> <a target="_blank" class="b_k" href="https://www.which.co.uk/help/which-privacy-notice-aGL107i27ybI">Privacy</a> </li><li class="b_i"> <a target="_blank" class="b_k" href="https://www.which.co.uk/help/our-cookies-policy-your-cookies-preferences-aAuoo0H8Zif6">Cookies</a> </li><li class="b_i"> <a target="_blank" class="b_k" href="https://www.which.co.uk/about-which/which-anti-slavery-statement-a9SXk7d9E1nf">MSA statement</a> </li><li class="b_i"> <a target="_blank" class="b_k" href="https://careers.which.co.uk/">Careers</a> </li><li class="b_i"> <a target="_blank" class="b_k" href="https://www.which.co.uk/about-which/who-we-are-azQ8t7R93VDg">About Which?</a> </li> </ul> </nav> <div class="b_m" data-which-id="gf-signoff"> <span class="b_o"> </span> <span data-which-id="gf-copyright">© Which? 2018</span> </div> </footer> <script type="text/javascript"> var gptAdSlots = []; googletag.cmd.push(function() { var mapping = googletag.sizeMapping(). addSize([1024, 0], [1, 1]). addSize([0, 0], [1, 1]). build(); gptAdSlots[0] = googletag.defineSlot('30585109/reviews/tax',[], 'dfp-adunit-0').defineSizeMapping(googletag.sizeMapping().addSize([1024, 0], [745, 280]).addSize([0,0], [360, 426]).addSize([0,0], [590, 280]).build()).addService(googletag.pubads()).setCollapseEmptyDiv(true,true); googletag.pubads().enableSingleRequest(); googletag.pubads().setTargeting("tags", ["landlord", "rental income", "tax on rental income", "landlord taxes", "expenses landlord", "tax on holiday lets", "tax on lodger", "what taxes do landlords pay", "landlord tax relief", "landlord deductions", "landlord expenses"]); googletag.pubads().setTargeting("category", "tax"); googletag.pubads().setTargeting("content_id", ""); googletag.pubads().setTargeting('login_status', window.dataLayer[0].login_status); googletag.pubads().setTargeting('wPersonalisation', ''); googletag.enableServices(); }); googletag.cmd.push(function() { googletag.display('dfp-adunit-0'); }); window.onresize = function() { googletag.pubads().refresh(); }; |
Do i have to pay taxes on rental income if i have a mortgage
Related Posts
Copyright © 2024 ihoctot Inc.
