The amount of tax on rental income you pay depends largely on your taxable income, the profit you earn from letting out a rental property, and your overall employment status.
Contents Working for yourself comes with many rewards, but understanding your tax obligations is also paramount. Unlike employees who have tax deducted automatically through PAYE,
Contents Being self-employed in the UK comes with a mix of challenges and opportunities. On one hand, individuals gain invaluable flexibility and autonomy, setting their
Alongside tax hikes, the UK government also provided significant tax reliefs and allowances every year, which both employed and self-employed people can benefit from.
![Tips on How to Reduce Tax on Rental Income [2025 Latest]](https://legendfinancial.co.uk/wp-content/uploads/2025/09/LF-Blog-30-CR250303LF-ft-1-768x463.webp)
As a landlord, you must know that rental income is subject to income tax. However, you might be paying more tax than necessary, probably due to a lack of awareness about available deductions.
Contents Any income earned in the UK is taxed, and that does not exempt you when your usual abode is outside the UK, or you
Contents IR35 rules sift out the employed from the genuinely self-employed for tax purposes. It became a law in April 2000 but was only taken
Let Property Campaign Accountant near me HMRC had been clawing back billions from many unreported rental incomes through the Let Property Campaign. If you earn
Contents Setting up pension pots is one of the most tax-efficient ways to earn a steady retirement income. State pension savings, for example, can be
Contents When it comes to investing, tax efficiency is everything given that tax fees largely affect how much profits investors will get when the investment
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On 18 December 2025, the Bank of England reduced its main interest rate from 4% to 3.75%. This is the lowest level in nearly three years. The
The Chancellor, Rachel Reeves, has delivered the first Autumn Budget of this Parliament. She called it “a decade of national renewal.” This Budget brings real, immediate
The Bank of England (BoE) issued a sharp warning on 8 October 2025, cautioning that certain AI and technology stocks may be overvalued, particularly those
The Bank of England and HM Treasury began formally considering a national digital currency in 2021, launching a joint taskforce to explore what’s now called
Chancellor Rachel Reeves has confirmed the Autumn Budget will take place on 26 November 2025. As with the Spring Statement earlier this year, this annual
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The quickest way from A to B is usually a conversation. So, if you want to find out more about how Legend Financial can boost your business, get in touch. We’ll give straight answers so you can make a confident decision, fast.
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