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Renting Out Your Property in the UK? How to Handle Tax: A Simple Guide

Navigating tax on rental income can be tricky, but we’ve got you covered! In this video, Chirag from UK Property Accountants sits down with our expert Ashmita Prajuli (ACCA) to break down everything you need to know about handling property tax in the UK. From deductions to allowances, we make it simple and straightforward. 👂What We Cover: • How tax on rental income works • Who needs to pay and how much • Essential deductions to reduce your tax bill • Available allowances to make the most of your rental income • Key reporting deadlines you need to remember Read our complete guide on Tax on Rental Income: https://www.ukpropertyaccountants.co.... 🔗 Need More Help? Book a FREE 15-minute Discovery Call with our team to get personalized advice and explore how we can assist you further. https://www.ukpropertyaccountants.co.... Find us on: 🔗Website: https://www.ukpropertyaccountants.co.uk Facebook:   / ukpropertyaccountants   Instagram:   / ukproperty_accountants   LinkedIn:   / ukpa   Twitter:   / propaccountants   Tiktok:   / ukpropertyaccountants   About UK Property Accountants UK Property Accountants – UK’s Leading Property Accountants and Property Tax Specialists📞 Connect with us today and let’s make sure your property is protected for the next generation! Located in the heart of London, our professionals have years of hands-on experience, including but not limited to Property Accounting, Tax Planning and Finance. UK Property Accountants has dealt with numerous clients at different phases of the property strategy life cycle. Many of you might be new investors looking for the right business structure for purchasing property or a property developer planning to develop a property from scratch. 0:00 Introduction 0:25 What is Tax on Rental Income? 0:59 Who has to pay Tax on Rental Income? 1:20 Tax deductions 2:25 Allowances for Rental Income 3:12 Reporting deadline #UKProperty #RentalTax #RentalIncome #UKRentalIncome #UKAccountants #RealEstate#PropertyTax #PropertyInvestment