Resendential Property Letting

Tax on rental business profits:
Unincorporated income tax rates – 20/40/50%
Incorporated corporation tax rates – 21/29.75/28%
Tax on chargeable gain on disposal:
Unincorporated 18% on excess over exempt amount
Incorporated corporation tax rates
Maximum letting exemption relief 1 £40,000
Landlord’s energy saving allowance:
Maximum claim for income tax payers £1,500
Maximum claim for corporate landlords £1,500
Basis claimable claim per property
The claim is available until 2015
Rent a room scheme income exemption £4,250


  1. Letting relief is available on let property which has been occupied as your main home.
  2. Annual profits are not subject to national insurance.