Are you receiving rent or disposing of property?
Receiving rent and making a disposal are different events. Start by identifying what happened, when it happened and who owns the property. That helps establish the appropriate records and questions before any calculation is considered.
Rental income and costs
Rental reporting begins with income and the costs associated with the letting activity. Keep the records by property where possible. Our rental income page explains how those figures connect with personal tax work.
rental income taxA sale or other disposal
A sale, gift or other change of ownership may raise a capital gains question. The purchase history, use of the property and transaction dates all matter. Discuss an intended disposal before acting where possible.
property capital gains taxHow ownership affects the route
If a company owns the property, its accounts and tax work are separate from an individual landlord’s return. The company property page explains that route. Where ownership is shared or mixed, provide the full details in your enquiry.
property companiesYour questions, answered.
Is rental income included in my personal return?
It may need to be reported through your personal tax arrangements. The requirement depends on the relevant facts and income.
Does selling a property always create a tax bill?
No. Ownership, use, gains and applicable reliefs need consideration before a tax outcome can be established.
What if the property is held in a company?
Use the property companies page as the starting point for company accounts and tax questions.