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HMRC internal manual

Property Income Manual

Updates: Property Income Manual

2016

published amendments

Introduction: jointly owned property & partnerships
Also changed reference to the IN guidance
Updated IN125 ref to TSEM9800

published amendments

Rent-a-room: elections and time limits
Updated exemption limits.
Rent-a-room: losses
Updated exemption limit figures from £4,250 to £7,500
Rent-a-room: receipts above exemption limit
Updated figures in example to apply to new exemption limits.
Rent-a-room: exemption limits
Updated exemption limits to £7,500/£3,750 throughout. Added years old limits cease and new limits take effect. Updated "Chargeable under schedule A" to "Chargeable as a rental business".
Rent-a-room: introduction
Updated exemption limits and added dates for the old limits and new limits being effective.
Use of trading income rules: IT for 2005-06 onwards
Updated to include long funding lease provisions at s148A-s148J. Commencement provisions are at FA2006 Sch 8 Para 15 -doesn't apply from 05/05 but 1/4/06. Have put a note in to reflect but not included the terms of the exception.

published amendments

Deductions: Interest: Contents
Added PIM2106 for detail of finance cost restriction
Deductions: Interest: Introduction
Updated to refer to finance restriction

published amendments

Deductions: Interest: Restriction of relief for income tax purposes from 2017-2018
HEADING STYLES FORMATTED

published amendments

Deductions: Interest: Restriction of relief for income tax purposes from 2017-2018
heading styles formated

2017

published amendments

PIM Feedback
Updated feedback email link from Allana Sheil to Sean Richardson.

published amendments

Deductions: Interest: Restriction of relief for income tax purposes from 2017-2018
Minor correction to example calculation

published amendments

Deductions: Interest: Restriction of relief for income tax purposes from 2017-2018
Amendments to example calculations