Work out your rental income when you let property
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Find out about tax as a landlord, and how to work out your rental income if you rent out property.
Adapted edition
- Document type
- Reference Guide
- Format
- DOCX
- Pages
- 8
- Language
- English
- Version
- 1.0
- Updated
- 2026-09-17
- Category
- Safety & operations
- Licence
- Open Government Licence v3.0
Description
Find out about tax as a landlord, and how to work out your rental income if you rent out property. Consult the original guidance for current legal and operational details.
Contents
- Rental income
- Paying tax on profit from renting out your property
- Types of property ownership
- Joint ownership
- Property jointly owned with spouse or civil partner
- Property jointly owned but not with a spouse or civil partner
- Record keeping
- Cash basis accounting
- Changes to tax relief for residential property
- Who is affected
- Who is not affected
- Finance costs restricted
- Allowable expenses
- Claiming part expenses
- Increasing your mortgage
- Maintenance and repairs costs
Source and licence
HM Revenue & Customs
AttributionHM Revenue & Customs, ‘Work out your rental income when you let property’ (updated 19 March 2025), reused under the Open Government Licence v3.0.
ChangesNeutral text-only adaptation from the official GOV.UK Content API body: headings, paragraphs, ordered and unordered list items and clickable source-link destinations in an appendix preserved. Images, logos, page design, accessible-format request widgets and linked attachments excluded; normalised whitespace, invisible format marks and typography.
Version history
- v1.017/09/2026