Do you earn rental income – either from letting out a property or a room in your home?
 

If the answer is YES - then you'll no doubt be aware that you're liable to pay tax on your rental income. Staying on the right side of the taxman can be arduous, and those in the industry often struggle to get all documentation in order before the November deadline – never mind claim tax relief.

LANDLORDS

Rental Income includes:

 

  • renting out a house, apartment, office or farmland

  • payments for allowing advertising on your property

  • allowing a right of way through your property

  • allowing sporting activities such as fishing/shooting on your property

  • service charges for services connected to the property
     

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Which one applies to you?