Residential property letting

Tax on rental business profits:
Unincorporated income tax rates - 20/40/45%
Incorporated2 corporation tax rates - 20/21.25/21%
Tax on chargeable gain on disposal:
Unincorporated 18% or 28% on excess over exempt amount
Incorporated3 corporation tax rates
Maximum letting relief exemption1 £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 dwelling property
The claim is available until April 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
  3. The rate will be dependent on your taxable income for the year