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Know Your Property Tax

Rental income

Rental income

Rental income is the rent you get from your tenants. You can share ownership of rental property with other people and the amount of rental income on which you will pay tax will depend on your share of the property. Your share of a jointly owned property business is not a separate business from any properties you may own yourself.

Stamp Duty Land Tax

Stamp Duty Land Tax

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat.SDLT only applies to properties over £250,000.