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Updated on 6 April 2024

Non-resident landlord scheme

On this page, we discuss the non-resident landlord scheme (NRLS) in more detail and confirm what it means for you, whether you are a tenant or non-resident landlord. If you manage a UK property on behalf of a friend or family member overseas, you may also have obligations under the NRLS as a ...

a person holding up a set of keys, the background shows a living room
Updated on 9 October 2024

Rent-a-room

If you receive rental income from letting furnished accommodation within your own home (for example, if you have a lodger), you may be able to benefit from the ‘rent-a-room’ scheme. 

a person doing calculations on a calculator whilst holding a miniature house
Updated on 6 April 2024

Working out property income

On this page, we look at how you calculate your property income for tax purposes – in other words, your profit from renting out property. This includes identifying your income and understanding your allowable expenses, all of which are important when calculating your taxable profit. There are also ...

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Updated on 6 April 2024

Purchased life annuities

Purchased life annuities are financial products purchased with a capital sum. They are designed to provide a guaranteed annual sum – normally for life, but it could be for a shorter term. 

a wooden easel with the words 'CHILD TRUST FUND' written in black pen, next to this a piggy bank and a jar of coins can be seen against a blue background.
Updated on 6 April 2024

Child trust funds

Child trust fund accounts can be accessed from age 18. This page gives a brief overview of what you need to know.

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