Introduction to Taxation of Property Income

This module provides an introduction to how to compute property income for an individual. Many of the same principles will also apply to companies but these are not the focus of the course.

By the end of this module the delegate should be able to:

• calculate the property income arising to an individual for a tax year.
• explain which expenses are deductible and therefore compute property business profits.
• identify when the property allowance or Rent-a-Room relief are available.
• explain the impact of holding property jointly for an individual.
• deal with property business losses.
• report property business activities to HMRC.