Rental Income Tax Calculator for Landlords

Calculate your rental income with the speedy and stress free GoSimpleTax online Landlord Rental Income Tax Calculator.

The estimated amount of UK tax due on your total income is £0

Your gross rental income is £12,000 which after expenses calculates a profit of £11,756

As you have other income of £0 that utilises your personal allowance, the amount of profit that is taxable is £11,756

The estimated amount of UK tax owed on property income is £0 after mortgage interest tax credit available

No tax is due and you can declare a rental income loss of £11,756

Assuming these figures do not change, you can start making a profit by making a mortgage overpayment of £0

Your share of this overpayment should be £0

Your portfolio provides a gross yield of 60% and a net cash yield (after tax and mortgage payments if any) of 58.78%

Please note that your total rental income or your overall expenses are less than £1000 and depending on your circumstances you could benefit by claiming the property tax allowance of £1000 instead of calculating your taxable income normally as income minus expenses. You can find out more here. We have not taken this into account in the calculations below.