Enter the amount
£
%
Enter the rental profit and the tax rate. Tap a band chip or type your own rate.
=Tax
400.00£
Amount2,000.00 £
Tax 20.00%−400.00 £
Net1,600.00 £
UK rental profit is taxed at your income tax rate (20% / 40% / 45%), after the £1,000 property allowance. Mortgage interest gets a 20% tax credit rather than being deducted. Set the rate for your band.
Amount 2,000.00 £ × 20.00% = Tax 400.00 £, Net 1,600.00 £