letting

Around 7% of landlords in the UK are ‘accidental’

Accidental landlords – don’t get caught out by the income tax trap

Around 7% of landlords in the UK are ‘accidental’ and never intended to let out a property. Reasons for being an accidental landlord include inheriting a property that hasn’t been sold on and being forced to let out a home that cannot be sold.

As an accidental landlord, understanding the laws around income tax and what needs to be declared can be difficult and, for many, it can also...