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Residential property letting - 25 March 2010
Residential property letting
Residential property letting - 25 March 2010
Residential property letting
Residential property letting - 25 March 2010
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
Notes
Letting relief is available on let property which has been occupied as your main home.
Annual profits are not subject to national insurance.
Main taxes
Key dates and deadlines
Income tax
Corporation tax
Inheritance tax
Capital gains tax
Value added tax
National insurance contributions
Residential property letting
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s
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Tax credits
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Selected benefit rates
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