Overseas Resident Landlords
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| Overview |
| Forms to get you started |
| Fees |
| Useful notes for agents |
| HMRC Guidance |
| Frequently Asked Questions |
| Rates & tables |
| Maintaining your records |
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| UK Resident Landlords |
| Company Info |
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Rates & tables
Income Tax
| Personal (tax free) Allowance | 2006-07 | 2007-08 | 2008-09 | |
| Up to 65 yrs | £5,035 | £5,225 | £5,435 | |
| For those aged 65-74 | up to | £7,280 | £7,550 | £9,030 |
| For those aged 75+ | up to | £7,420 | £7,690 | £9,180 |
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| Income Tax Rates Amount in excess of personal allowance |
2006-07 | 2007-08 | 2008-09 | |
| Income chargeable at 10% | first | £2,150 | £2,230 | £0 |
| Income chargeable at 22% | next | £31,150 | £32,370 | £0 |
| Income chargeable at 20% | first | N/A | N/A | £36,000 |
| Income chargeable at 40% | excess over | £33,300 | £34,600 | £36,000 |
Capital Gains Tax
| Individuals annual exemption | 2006-07 | 2007-08 | 2008-09 |
| £8,800 | £9,200 | £9,600 |
Special rules apply on the disposal of leasehold interests of less than 50 years.
Indexation Allowance is available to individuals in respect of assets acquired before 6th April 1998.
Where a property has been at any time the principal residence of the taxpayer and all or part of the property has been let as residential accommodation then the gain attributable to the letting is reduced by the lower of a) an amount equal to the part of the total gain that is exempt because of owner occupation and b) £40,000.
