TCM0120160 - Eligibility - income (other than earnings): Income - property (Info)

Property income is income from

• rent or other receipts from
• estates
  and
• a property business as defined in Part 3 of ITTOIA 2005
• income received under the Rent-a-room scheme by virtue of Chapter 1 of Part 7 of ITTOIA is disregarded

Note: From 06/04/17, for the purposes of tax credits, a person will still be able to deduct 100% of their finance costs when calculating their allowable expenses for property income. See TCTM04006