Property rental tax planner
The planner is a tool for projecting and comparing the tax liabilities and estimated return on a let residential property owned personally or through a company. It takes account of adjustments needed in respect of tax relief for interest paid on loans used to purchase or improve a let property.
How to use this planner
Enter details of the expected rental income, outgoings and the cost and estimated sale prices of the property and click the “Results” button for a summary of the financial outcome. From there you can view a detailed version of the calculations for both personal and company ownership.
Related Topics
-
How much will you save with reduced scale charges?
HMRC has reduced the VAT fuel scale charge by nearly 6% for company-provided cars. When does the new reduced rate take effect and how do you make the calculations?
-
Avoid the trading allowance trap
In late 2024 you became self-employed. You’re now completing your tax return for 2024/25 and will claim the trading allowance instead of a tax deduction for business expenses. Could this impact your NI record and state pension entitlement?
-
Time off for fertility treatment?
A survey by Fertility Matters at Work has revealed that more than one-third of employees undergoing fertility treatment have resigned or are considering resigning because of the physical and emotional toll. Is there a right to time off for fertility treatment?