Do you have to report UK property income to HMRC?

If you are earning income from letting out a property and it results in you making a profit of more than £1,000, you must report this to HMRC. You should let HMRC know before 5th October following the tax year that the property income arose in.

For example, if you started letting your property between 6th April 2026 and 5th April 2027 you should let HMRC know before 5th October 2027. Notifying HMRC is not the same as filing a tax return. The 5th October deadline is to register for self-assessment. 

Whether you need to report this income will depend on the amount of property income you earn. Periodical lets that don’t exceed £1,000 in a year could be covered by the property allowance of £1,000, and would mean you do not have to register for self-assessment or pay tax on the income.  

If your profit exceeds £2,500 after expenses, or £10,000 before expenses, then you will most likely be required to prepare a self-assessment tax return. If you have rental income between £1,000 but less than £2,500, contact HMRC for instructions on what to do.

If you have property income that you’ve not told HMRC about but should have, you can use the property let campaign which offers an opportunity to get up to date. 

If you would like to speak to an accountant about registering for self-assessment and reporting your property income, give our experienced team a call to arrange a free meeting. Call us on 0800 0523 555 or use our online contact form and we will get in touch. 

Last updated 19 Jun 2026 | First published 30 May 2024

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This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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