How To Report RENTAL INCOME On A Self Assessment Tax Return UK

If you have income from UK land or property (Rental income) then you may be wondering how to report that rental income to HMRC on the self assessment tax return. In this video I'm showing exactly how this section of the return is completed.
Need help with your tax return? Use one of the forms below
To register for self-assessment (UTT/CIS) click here: bit.ly/utr-number
If you need help with your Tax Return click here bit.ly/cis-rebate

[@johnshaw6636]

Super - straightforward, clear and easy to understand. Just what I was looking for.

[@nadireali8458]

Your presentation was absolutely brilliant Adam! You made it so easy to follow you, explaining the whole process so well and so clearly...Thank you ever so much for that!

[@radders1882]

Seriously good advice dispensed in a very simple and easy to understand way, at a pace I could follow and understand. Thank you Adam, you made my SA this year so much easier.

[@danielgrainger9107]

Thank you ! Lifesaver helping us to stay afloat in the choppy waters of self assessment!

[@jackyclayton6276]

Very helpful. Thank you for taking the time to explain. I can now finish my tax return with confidence.

[@mikebaddeley]

Brilliant. Thanks for all your clear advice and no tax gobbledygook!

[@imasarevans725]

Thank you so much, Adam. This explanation is very good guidance for me to try to do this for the first time, surely I will have to re watch again to be understood 100%.

[@Bizzzzzzzzle]

Very clear and focused guidance. You automatically explained points that could have been a little vague by providing precise examples. Much appreciated.

[@sona2sona]

Top man, very helpful and useful - thanks very much for this. Can't wait to watch your other clips.

[@1976Horizon]

Hello Adam, amazing video tutorial. You saved me a hefty £1469 on my incorrectly filled-out tax return for April 2022 (including property income). It is that interest-only loan non-claimable tax relief which made it tricky for me, but minus relief for finance costs of 20% after income tax due after tax reductions is now clear to me. Thank you so much for taking your time and educating us. HMRC came a long way since we had no videos and had to do our returns all over the phone, spending hours with their operatives. Keep on educating us on those little tips, it seems, each year we need to know. Steven

[@frankie6981]

Thanks Adam. This is brilliant advice and pitched at the right level.

[@shaanali9571]

Thank you Adam. I used your guidance and submitted my own. Really appreciate!!🎉

[@user-zj9ri2gh9m]

Hi Adam, really clear and well presented, it seems I have been completing my tax return correctly. This saved me from having to deal with HRMC and call waiting. Buy to let is becoming less viable due to increased tax liability on interest only mortgages. You have an excellent delivery and manner, thanks Alex V.

[@karenyoung7777]

This is a brilliant video, thank you so much for explaining everything so clearly.

[@Sharaz-ky4xd]

Thank you so much for this video you explained everything so well. I've only been doing the online myself for the last 2 years and have found it a steep learning curve. Having you explain exactly where to put what on the online form was brilliant, I haven't found it anywhere else online. I'm really trying to learn this stuff and the HMRC videos/written help never give the full story. I thought I had been doing it wrong for the last 2 years when all the HMRC help regarding property income/expenses told me that if my income was less than £85k then I could lump all the allowable expenses together and put in one box...........AND THEN I SAW YOUR VIDEO and in one sentence all became clear - HMRC had been talking about self employed. So thank you once again and I will be checking out your other videos asap and subscribing to your channel.

[@zvioletta]

Adam, thank you! This is very helpful and just saved me a lot of time and money!

[@andrewsugden472]

Thank you so much for producing this video Adam it really helped me with my tax return - much better than the official HMRC videos

[@johnhopwood4633]

Excellent. It explained precisely how I should resolve one issue I had.

[@dineshhirani2336]

Kudos on great detail and delivery. Looking forward on watching how to deal with HRMC quarterly reporting for landlords. Subscribed to your great channel bud

[@kevinjackson6965]

Thanks so much for helping me navigate this. I'm a total newbie, and when I tried on my own I was lost. Your guidance...A* - Power to the people that help each other.

[@tax2ulimited]

Appreciate the comment. Thanks

[@richardleonard1423]

Excellent video, very clear and it look like i have been paying too much property tax since the change on deducting finance cost!!

[@russellmay496]

Excellent video, clear and concise, exactly what you need!

[@tax2ulimited]

Great to hear!

[@SHiggy50]

Great video, really clear and easy to understand. Thanks

[@valentinak1957]

Super clear and accessible.thank you so much 😊

[@8skywalker8]

This is very helpful Adam. Liked and commented to support!

[@whitesun264]

Hi Adam, thank you very much, that was a great help. Great video by the way!

[@romanabegum9903]

I'm a first-time landlady and this was a very good explanation of what I thought was very difficult. Thank you!

[@tax2ulimited]

Glad it was helpful!

[@Aaron51108]

This was really useful and very clear to fill my tax return. really a very very useful and good video.

[@jacquicampbell2501]

Absolutely brilliant. Explained at just the right level. I have made a mistake in the past and had to explain myself to HMRC which wasn't fun so this is helping to give me the confidence to complete my return. Great job

[@tax2ulimited]

Glad it helped!

[@rogeredge4775]

Very useful video and well presented very clear without jargon, thank you

[@tax2ulimited]

You are welcome

[@sheilajaeger1244]

Excellent video! Until I actually see the forms next year, I am now more clear about what it looks like and what to expect! Thank you.

[@tax2ulimited]

You're very welcome!

[@keithmorgan007]

That was so helpful, thank you Adam.

[@nickr3115]

Very useful and well explained. Thanks!

[@simonmiller981]

Just stumbled on this video. Very useful. Well presented . Thanks Adam

[@simonmiller981]

I've submitted my 2021/2022 SA, but realise I haven't included the Residential Property Finance costs. Should I amend the 21/22 submission or include it in the 22/23 submission?

[@giulianogambuti1295]

Brilliant, especially on the loan interest on my mortgage and how it works

[@bingoace]

Absolutely brilliant and very informative.

[@andrewmenmuir2177]

Thanks. A very helpful video - really clear 🙂

[@CarolineSpoors]

I love your tutorials, they are so clear and easy to follow! Please could you upload a tutorial on how to fill out a tax return for a UK Partnership?

[@caymannetballtechnicaldire2564]

Thank you Adam you were very clear and helpful

[@lawrencer25]

Fabulous video. Thank you 👍👍👍🥳🥂

[@deniseb8190]

Very useful Adam, thankyou, as this is the first time I am submitting a self assessment tax return for investment properties

[@tax2ulimited]

Glad it was helpful!

[@chowmai4796]

Thank you! It is very helpful!

[@AntheaMorris]

Excellent and very clear. Thanks :)

[@zafar4665]

Very informative video thanks.

[@WalkerPark]

Good stuff- Thank you Adam

[@brianturvey1726]

Thanks guide very helpful. Glad you explained traditional accounting as thought that meant simple calculations but will use cash calculation option now. Have lumped all expenses into 1 figure rather than splitting into the 3 categories you mentioned. Touch wood no tax queries to date

[@juliannorton262]

Hey I’m thinking of doing this, does the total have to be under £85k to lump it all together?

[@lawrencebone7620]

Really good Adam, just what I needed and saved a call to HMRC. Keep the details coming and updates welcome as they occur. Will need to look at CGT when I sell the flat and will see what you have as advice and off-setable costs etc.

[@tax2ulimited]

Will do!

[@sharongustard7106]

Really helpful and reassuring, thank you

[@andyheather8468]

Great, really clear. Thank you

[@mavisjessica8380]

Thank you for this , very helpful information

[@kgs42]

Just struggled through this year's tax return by the deadline. Only income is from property. Your video is very reassuring; think I'm OK. I'm very ill with disabilities, autism, and terminal cancer. I was renovating a flat when it all struck but carried on with the work as 'occupational therapy'. It has taken the entire year and therefore no rental income, yet high repair/maintenace costs and the cost of a remortgage. It could look iffy and I did get some red messages. I adjusted things until they went away. (Got confused about the £1000 allowance but canceled that.) I did write a brief explanation in a white space so am hoping it will be OK. I'm sure all expenses are correct and what I paid out but the whole place had to be redone, and there were some legally required things like ventilation in kitchens. (There is another flat which was let and that provided all income (plus some pensions). So, I'm hoping that will seem fair and reasonable. In practice I have been getting by on a limited income and reducing savings. The renovated flat was let in May 2022. The formerly occupied flat is now vacant but I don't know what I can reasonably plan to do with it in view of my health. (It has a few small damp/condensation spots.) I could not face anybody else getting involved with my work and I don't think I could afford to employ others to not necessarily do a proper, good job. Seems to be a bit of a singular situation and I don't think I could cope with having to deal with HMRC persons so I'm hoping it will thought fair enough. Thanks, Adam Ken

[@nabeelanwar3791]

Very informative good work Adam

[@donteah1706]

Very clear ! Thank you

[@nepaninz]

Great info. Thank you

[@atyghi6258]

Really useful - thank you!

[@ashwinisidhu]

Very informative , thanks.

[@vivianiguyovwe6044]

Excellent presentation thank you

[@adam-xe6xr]

Superb! thanks

[@mayureshpatil5228]

thanks for making the complicated rental income Tax return so simple and allowing so save 130 GBP if would have gone to Tax consultant

[@tax2ulimited]

Glad it was helpful!

[@buvana12]

thanks clear and lucid

[@cathiefrench2301]

Love the way you highlight exactly what section you are talking about - most helpful thank you. There is a question I would like to ask and that is about bank charges and interest on credit cards (for payments for Repairs and Maintenance) Where is this supposed to be claimed. HMRC do not like it put in box 'Non-residential property finance costs' it would seem?

[@satishshah2261]

brilliant video

[@thatboyagain]

Liked! Thanks bro

[@user-zz6wb8tl5l]

Very clear and useful information. I’m looking for information on how to select Method B for rent a room Scheme and how to fill out return when income o Is OVER £ 7500

[@giulitosto]

Thanks for the informative content Adam, really useful. If I rent out rooms in a property overseas in which section should I declare these income? (if they need to be declared at all)

[@matthewwatkins1854]

Great video thank you. Question, why did you enter 5k in rent, rates, ins, ground rents section and not in property repairs and maintenance section? It mentioned repairs on your excel at £5k?

[@karenbrennan4573]

Hi there, a great informative video thank you. The property that we rented out was our family home as we moved away for my husband's work. We used a letting agent in the beginning then took over the running ourselves. I am finding the questions really hard to answer as it wasn't essentially an investment property. I have the income but not all the outgoings as my then husband was first contact. i was working through QuickBooks but I am now finding it hard to translate the information over to HMRC self-assessment. Any advice would be greatly appreciated. Many thanks

[@user-pv6zs6tt8k]

Thank you so much Adam - this is really clearly explained and well presented. I realise I have not submitted the 'residential property finance costs' for the last few years since the change came into place that it wasn't an allowable expense. Can you advise how to rectify that? Can I claim the tax credits that I have missed out on for the years since the change i.e. since 2017?

[@Dorothy-gw6km]

Hi Adam, thanks for this comprehensive guidance of dealing with the rental side of things. My question is; if I have an interest only Mortgage, do I include the whole about I paid for the mortgage?

[@keithhokeili]

Great Video. Should we put all our replacement items and repairing costs in the 'Rent paid, Rates, insurance, ground rents' section? It's just that the section below says 'Property repairs and maintenance'.

[@carlapinto454]

Very useful. Can you do a similar presentation but with foreign rental income. Both domiciled and resident in the UK and rental income in a EEA country (and tax paid locally).

[@celiahall6168]

Amazing 😊

[@JudithFinney]

Very helpful

[@magoo9066]

Hi, thanks for the video. I have a question that you may be able to answer. If you were to pay early redemption fees when remortgaging would you use the white space to make a note of that because the finance mortgage costs would be significantly higher than usual bringing your taxable profits down - there may also be high mortgage application fees raising those finance coats even higher.

[@robstojja7162]

That was so useful. Really easy to follow. Do you have anything specific I should know/watch as a non-resident landlord?

[@juliusjoseph9199]

Brilliant, more of this tutorial please

[@tax2ulimited]

Thank you

[@NicolaMcChlery]

Very helpful. Thank you. I have a question - if you've only just started renting out part of your home and have made very little income but want to register the losses (expense etc) that you've made so you can carry them forward for next years return, it seems the only way to do this is as a furnished holiday let (as you haven't made enough to qualify to take off losses under rent a room). In this case can you pro-rata the number of days to meet the rules for the furnished holiday let (eg - it's been available for 30 days and rented for 7 as it was only ready to go in February?) so that it qualifies? How can you provide evidence of this? Also - if your income was less than £1000 but you want to show the losses how to do even get the the right part of the form to enable you to enter the losses as declaring an income of less than 1000 doesn't allow you to enter losses (I think?). thanks in advance.

[@kennymac6376]

Fantastic just what I was looking for. Couple of questions.. For UK Property expenses where would you enter Mileage cost at 45p per mile on the self assessment form? Also any repairs go under repairs section or services provided section on the self assessment form? For example paying for work getting done in a property like painting or maintenance etc...

[@jkeert]

Excellent straightforward explanations. Was "number of rental properties?" always optional (I seem to recall not). Why have it there if not needed... are they trying to catch you out?

[@belalahmed258]

Excellent video and thank you for your lovely support and guidance. I have a slight problem, when completing the online form, I cannot see the “loan interests and other financial costs as per your video details of the expenses. I can see the following sections: Details for other property income 1. Total rents and other income from property: (I have entered the amount) 2. Property income allowance - Read help: (optional) 3. Did you use traditional accounting rather than cash basis to calculate your income and expenses? (optional) 4. UK tax taken off total rents and other income from property only applies to non UK Landlords: Please read the notes. (optional)

[@lesleydickson7746]

Very interesting. Thank you. Would have liked some information on what can be claimed for like for like replacement. In my case a new bathroom. Not sure which box this expense goes in. Can you advise?

[@satishthaker869]

Thanks Adam for explaining the Tax Return. Is it allowed to change the Investment property to The Holiday rented property? What would be the procedures?

[@azgh7249]

Thank you so much 🙏🙏

[@marcknighton4264]

Thanks so much for this video. Really clear. Just wondered my residential costs are a lot more than my profit for the year. Do you still put the full figure down for the residential costs or do you reduce it for any reason, say to the profitable figure amount? thanks so much in advance.

[@lifeofbrian156]

It’s a good video, I would suggest use a better microphone or put soundproof form in your studio to reduce echo, sound is a big part in video and it will increase your quality of video!

[@kbs112233]

Hi Adam, I could not see here where you entered the date of property acquired or purchased, its purchase price and stamp duty paid etc., before declaring its rental income as you ahve demonstrated very well

[@mclark1352]

Great video - but could you clarify how much mortgage interest can be offset for 2021 - 2022?

[@elimiller1539]

very clearly explained. thanks. capital gains ? I sold then bought another with the money. do I pay capital gains ?advice here would be great. thanks

[@beyondphysics666]

Hi Adam, very clear video. How about making a video for non-resident UK landlords, renting out their house in the UK? What should they be aware of? I noticed on the .gov website, there is no section where you declare that you are non-resident.

[@beyondphysics666]

Also if you're a non-resident UK landlord, presumably some questions do not apply to you. Perhaps you could clarify such points; for example, owning property abroad, would this apply to non-resident landlords?

[@CatherineMurrie]

Thank you for the video and info. May I ask , I have rental property and also a part time job. Is there a section that I would enter my wages from the part time job ? I do PAYE on the part time job .

[@simoncanterbury]

Thank you for this. On the HMRC video attached to the return it says that if the property rental income is less than £85k, then you can put all allowable expenses (except financing) in the ''other allowable expenses'' box. This implies one does not need to split various costs between the first three boxes (rates, repairs, & legal), and that it is okay to lump it all under all 'other allowable expenses'. Is this correct? Someone asked the same question a few months ago but I don't think you commented.

[@alexswampy24]

Great video thanks, question - where do I input agency fee's? i.e letting agent costs for an investment property.

[@jeremycrump8767]

Great content... Do you have any information on claiming allowances for costs incurred prior to letting for property I Inherited ie.replacing worn out kitchen and bathroom, failed double glazing units, worn carpets.? Also do you have information on if you can withdraw money from the property by taking out mortgage on it but using the funds for personal use and claim the mortgage interest against rental income. Thanks

[@hshand9061]

Thank you very informative, however i have a few questions. I recently purchase a buy to let leasehold property with 3 bedrooms, I rented it as a shared house to two friends in June this year with all bills included in the rent. Questions can i claimed for utility as an expense since included in the rent? the property is on a interest only mortgage will i be able to claim the interest as an expense? what are all the expense i will be able to claim for on this property? Thank you.

[@nikodemandy3591]

What date should I put in the form when applying for utr- dates of completion( receiving the keys/ becoming an owner) or the moment the house is let out and I receive income ,?

[@aproductionz9390]

Thanks for this it helps a lot may I know how do you have other allowable expenses of £50 if you are claiming the 7500 relief just wondering I thought you can choose only one method ? Other than that superb video thank you

[@d.d.4703]

Thank you for the video, but you skipped over the question of 'other taxable allowances' which has left me confused. A previous accountant told me a 10% deduction from rental income can be made for wear and tear, and a WDA can be made for refurbishment costs to make a property habitable for letting. I was under the impression these allowances were included in this box?

[@simonmeasures6826]

Great vid, really useful. I understand I can include a remo ERC redemtion cost for tax. where woyld this go please?

[@timknowles9417]

Hi Adam, that was very helpful. I've recently retired after 45 years of self employment so this is the first time I've had to fill in. my tax return 😏One question I have though. I have been renting my late mother's property out since 2020 and when we were sorting her estate out the solicitors put the property in both mine and my wife's name. Do I have to declare her as joint owner and share the tax liability with her or can I take the hit on my own? I was hoping you'd mention it but I don't think you did. Cheers

[@carolinamayhew9762]

Thank you for your very helpful video. I will share it on my social media if that is OK. I have a doubt, if I rent my only property because I have to live in a work provided accommodation. Does it fall into 'Investment property'?