What does your rental really cost you in tax?
Whether you have a day job, work for yourself, or property is your income. Your bill under this year's rules, and what the new 22/42/47 property rates from April 2027 will add, a year before they bite.
Salary before tax. Leave empty if you have no job.
Income less expenses from working for yourself. Leave empty if none.
Everything your tenants pay you across the year.
Repairs, agent fees, insurance, ground rent. If under £1,000 the flat allowance is applied instead, automatically.
The interest part only, not capital repayments. Section 24 turns this into a tax credit rather than an expense.
Budget 2025 gave property income its own tax rates from April 2027, two points above the normal ones, and quietly changed how your personal allowance is used. Most landlords will find out when the bill arrives. Lekhio tracks your rents and costs all year, keeps the set aside number honest across your job, your trade and your property, and Rakha warns you about changes like this a year early, on your numbers, not in a headline.
Never get surprised by a Budget →A general estimate using 2026/27 rules and the announced 2027/28 property rates for England, Wales and Northern Ireland (residential lets, individual landlords). It is not tax advice or a filed figure. Your exact position depends on your full circumstances, which HMRC settles when you file. Lekhio prepares your figures and you always approve them.