Call us on 01908 639098

News

Advice on taxes for UK landlords: The complete guide for 2022/23

Advice on taxes for UK landlords: The complete guide for 2022/23

Wednesday 27th April 2022
Hamilton Fraser

This information is current and updated to the best of our knowledge as of April 2022.

As a landlord with an investment property, you're likely to pay tax at every stage of the life of that investment: when you buy the property, when you let the property, and later when you sell or pass it on.

In short, letting is like any other business: if you make a profit, it's liable to taxation. However, property tax is a specialist area and navigating the rules can be complicated - particularly for new landlords.

This guide outlines key things to be aware of about the taxes landlords pay and covers some of the ways you can reduce your tax liability.

Although we have tried to cover everything we can in this guide, some of the tax you will have to pay will depend on your other assets and income, so we strongly recommend you should consult a tax professional - ideally one who's experienced in property taxation - who can help you invest in a tax-efficient way that's appropriate for your own circumstances.

Meanwhile, this overview should help you understand your liability so you can budget properly and make sure you don't get any surprise demands from HMRC!

LANDORD TAX GUIDE