Rental income and expenses
For landlords letting one or more homes in the UK
Log your rent and your letting costs for each property through the tax year. The workbook adds up each property, sorts your costs by category, keeps mortgage interest and other finance costs apart from your expenses, and sets your income against the £1,000 property allowance.
Inside the workbook
- IncomeRent and other income, one row each
- ExpensesLetting costs and finance costs, one row each
- PropertiesEach property's income, costs and profit
- CategoriesExpenses by category
- SummaryIncome, expenses, finance costs and checks
- SourcesEvery rate and rule used, for both tax years, with its GOV.UK link
- Start, How to useA cover with the contents, and plain instructions
Where the figures come from
- Property allowance, each tax year (on gross property income)
- Residential finance costs: a tax reduction at the basic rate, not an expense
- What counts as an allowable expense, and replacing domestic items
- For reference: property basic rate from 6 April 2027 (England, Wales and NI; not used here)
- For reference: property higher rate from 6 April 2027
- For reference: property additional rate from 6 April 2027
- For reference: finance cost relief from April 2027
- Making Tax Digital for Income Tax applies if this tax year's qualifying income is over
- … and you then use it from
- Tax year starts
- Tax year ends
A spreadsheet for organising your own figures. It isn't tax advice, isn't HMRC software and can't send anything to HMRC. Check every figure. Rates and thresholds are for the 2025–26 and 2026–27 tax years (you choose which on the Start sheet) and link to GOV.UK, checked on 18 Oct 2026. If you're not sure what applies to you, ask HMRC or an accountant. Sources and dates are on the Sources tab. Contains public sector information licensed under the Open Government Licence v3.0. Not affiliated with or endorsed by HMRC.