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If you’re a landlord earning rental income from your property, you can get up to £1,000 rental income tax-free each year: this is called the Property Income Allowance.
What you need to remember: if you claim the Property Income Allowance, you cannot claim any other rental expenses.
If you own a property jointly with others (spouses, civil partners, etc.), you can each claim this £1,000 allowance – even though you divide the rental income between yourselves.
Self-employed people have a £1,000 similar allowance, called the Trading Allowance. If you have both types of income, you can get a £1,000 allowance for each.
You might also want to check out our guide to paying tax on rental income.