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HMRC internal manual

Business Income Manual

Specific receipts: rents: contents

Subject to a few exceptions, rents received in respect of premises should, in law, be excluded, together with the related outgoings, in computing the profits of a trade or profession.

Guidance on:

  • The taxation of rents and other income from property is in the Property Income Manual.
  • The commercial background and accountancy treatment of leasing is in the Business Leasing Manual.

This chapter contains the following: