H · Glossary
HMRC property income allowance
£1,000 tax-free on rental income — useful for casual or low-rent landlords.
The property income allowance is £1,000 of rental income each tax year that's tax-free. If your gross rental income is under £1k, you don't need to declare it. Above, you can elect to deduct the £1k allowance instead of actual expenses.
Related terms
Stop dreading tax. Start ignoring it.
Get a fixed-fee quote in 60 seconds. No signup, no card, no sales call. We'll just tell you what it'll cost and how fast we can file it.