What taxes do landlords pay?
As a landlord with an investment property, you’re likely to pay tax at every stage of the life of that investment: when you?buy?the property, when you?let?the property, and later when you?sell?or pass it on.?
In short, letting is like any other business: if you make a profit, it’s liable to taxation. However, property tax is a specialist area and navigating the rules can be complicated – particularly for new landlords.
Everyone in the UK pays tax when they buy a property over a certain price (commonly known as ‘stamp duty’), but if a property isn’t your primary residence and you let it out, you are also liable to taxation on:
Bear in mind this is meant as a general overview of the current tax landscape. For further, more in-depth personal tax advice tailored to your specific requirements and circumstances, make sure you seek professional advice from a tax specialist.
This information is current and updated to the best of our knowledge as of April 2022