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Glossary term

Let Property Tax

UK rental income tax

🇬🇧UK · Tax Year 2026/27Reviewed Plain-English
Definition

What is Let Property Tax?

Rental income in the UK is taxed as income. From 2020, mortgage interest is no longer a full expense — instead capped as a 20% tax reducer. £1,000 property allowance available. Declare via Self-Assessment if income exceeds £2,500/year net.

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