Home > > 2010/11 rates and allowances > Residential property letting

Residential property letting

Tax on rental business profits:
Unincorporated	income tax rates - 20/40/50%
Incorporated	corporation tax rates - 21/29.75/28%
Tax on chargeable gain on disposal:
Unincorporated	18% on excess over exempt amount
Incorporated	corporation tax rates
Maximum letting exemption relief ¹	£40,000
Landlord's energy saving allowance:
Maximum claim for income tax payers	£1,500
Maximum claim for corporate landlords	£1,500
Basis claimable	claim per property
The claim is available until 2015
Rent a room scheme income exemption	£4,250

Letting relief is available on let property which has been occupied as your main home.
Annual profits are not subject to national insurance.

Chartered Accountants Maidenhead.