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In short, letting is like any other business: if you make a profit, it’s liable to taxation. However, property tax is a specialist area and navigating the rules can be complicated — particularly for new landlords.

Everyone in the UK pays tax when they buy a property over a certain price (commonly known as ‘stamp duty’), but if a property isn’t your primary residence and you let it out, you are also liable to taxation on:

  • the rental profits (by way of income tax)
  • any increase in the value over the time that you own the property (by way of capital gains tax)

Bear in mind this is meant as a general overview of the current tax landscape. For further, more in-depth personal tax advice tailored to your specific requirements and circumstances, make sure you seek professional advice from a tax specialist.

This information is current and updated to the best of our knowledge as of April 2022