How to Calculate Income Tax on Rental Property Income

Introduction

Individuals holding rental properties in the UK are due to pay income tax on profits generated from the let properties. How the profits are calculated, and which expenses can be included however, can be a tricky area to navigate.

If you are a practitioner advising clients in this complicated area, then this session is for you.

What You Will Learn

This webinar will cover the following:

• Pre-letting expenses
• The cash basis vs the accruals basis
• Allowable property expenses
• Capital v revenue expenses
• Replacement of domestic items
• Vehicle expenses

This webinar was recorded on 27th September 2023