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Budget 2024 | The Government has confirmed changes to personal income tax, the independent earner tax credit, in-work tax credit, and the minimum family tax credit. Find out more: Personal income tax threshold changes

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
  • land
  • 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-stay accommodation or long-term
  • any use of the property by you.

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Last updated: 02 Feb 2024
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