Residential property letting

Tax on rental business profits:
Unincorporated	income tax rates - 20/40/50%
Incorporated²	corporation tax rates - 20/25/24%
Tax on chargeable gain on disposal:
Unincorporated	18% or 28% on excess over exempt amount
Incorporated³	corporation tax rates
Maximum letting exemption relief¹	£40,000
Landlord's energy saving allowance:
Maximum claim for income tax payers	£1,500
Maximum claim for corporate landlords	£1,500
Basis claimable	claim per property
The claim is available until 2015
Rent a room scheme income exemption	£4,250

Letting relief is available on let property which has been occupied as your main home
Annual profits are not subject to national insurance
The rate will be dependent on your taxable income for the year

Business