You may need to pay tax on your rental income in the same year you get it.
Your rental income could be from renting out:
- your own home or its rooms
- a house
- a caravan
- a sleep-out
- a holiday home.
How much tax you pay depends on:
- the type of residential property you're renting out
- whether you're renting out short-term or long-term
- any use of the property by you.
Last updated: 28 Apr 2021