Landlords and tax
These case studies of different landlords' situations can help you start finding out about tax and expenses. These are a good way to understand a bit more about how the rules on tax are applied, as real life examples are always more interesting than numbers!
You can watch this short film from one of the HMRC's experts in tax for landlords. Here is some of what it covers:
- what might be allowed as expenses
- your situation if you let out a room in your home
- overseas property
- what counts as a holiday let
- capital gains tax.
HMRC also run the webinar, My property income and HMRC as an interactive webinar so attendees can ask questions. It's free and you just need a computer with internet access and maybe headphones. They offer a lot of webinars about being self employed
Elearning course from HMRC. This free short course is interactive and anonymous. You can dip in and out and take the course as many times as you like.
You can report previously undisclosed taxes on rental income to HMRC if you’re an individual landlord renting out residential property.