What Your Self Assessment Should IncludeAccurate reporting ensures compliance and avoids penalties. Income to Include Allowable Deductions
From 6 April 2027, the government will create separate tax rates for property income on Unincorporated landlords. The income tax rates for property income will be 22% for basic rate, 42% for higher rate and 47% for additional rate. Finance costs, such as mortgage interest, will be relieved at 22% as a tax credit. The […]