UK 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 |
| Technical notes |
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| Overseas Resident Landlords |
| Company Info |
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Rates & tables
Income Tax
| Personal (tax free) Allowance | 2008-09 | 2009-10 | 2010-11 | |
| Up to 65 yrs | £6,035 | £6,475 | £6,475 | |
| For those aged 65-74 | up to | £9,030 | £9,490 | £9,490 |
| For those aged 75+ | up to | £9,180 | £9,640 | £9,640 |
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| Income Tax Rates Amount in excess of personal allowance |
2008-09 | 2009-10 | 2010-11 | |
| Income chargeable at 20% | first | £34,800 | £37,400 | £37,400 |
| Income chargeable at 40% | excess | £34,800 | £37,400 | £37,400 |
| Income chargeable at 50% | over | N/A | N/A | £150,000 |
For 2009-10 and 2010-2011, there is a 10% starting rate for savings income only, with a limit of £2,440. If an individual's taxable non-savings income is above this limit then the 10% starting rate for savings will not apply. There are no changes to the 10% dividend ordinary rate or the 32.5% dividend upper rate. There is a new dividend upper rate of 42.5%. For 2010-2011 persons with taxable income of £100,000 or more will lose some or all of their personal allowances.
Capital Gains Tax
| Individuals annual exemption | 2008-09 | 2009-10 | 2010-11 |
| £9,600 | £10,100 | £10,100 |
Special rules apply on the disposal of leasehold interests of less than 50 years.
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.
