As letting Residential property is treated as running a business, so you will need to keep records for at least six years, plus your Rental income will generally be classified as unearned income and will be taxed at the basic rate. There are certain expenses that you may offset against your taxable profit.

 
 If the Landlord is non-resident in the UK, they can apply to to receive their rental income with no tax deduction.

 For more information contact our Residential Lettings Department