Owning and letting property in the UK can be financially rewarding — but it also comes with complex tax obligations that landlords must navigate carefully. Whether you’re letting a single flat or managing a portfolio of properties, understanding your tax liabilities is essential to maximising profit, avoiding penalties, and planning for the future.
At Fraser Bond, we work closely with landlords and property investors across the UK, providing trusted guidance on tax-related matters and connecting clients with qualified tax advisers who specialise in property. From allowable expenses and Section 24 changes to capital gains and inheritance planning, this guide outlines key areas every landlord should understand.
Yes — rental income is taxable. If your rental income exceeds your personal tax allowance (£12,570 for 2024/25), you must pay income tax on your profits.
