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2026/27 HMRC Rates

Rental Income Tax Calculator

Calculate income tax on your UK rental property income with Section 24 mortgage interest relief

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Rental income is taxed as part of your total income. Mortgage interest is no longer deductible but qualifies for a 20% tax credit (Section 24). For personalised advice, speak to our advisers.

Rental Property Details

Enter your rental income, expenses, and mortgage interest

Rental Income
£
£
Repairs, insurance, letting agent fees, ground rent, etc.
Mortgage
£
Section 24: 20% tax credit instead of deduction
Other Income
£
Determines which tax band your rental profit falls into
Tax on Rental Income
£0.00
after Section 24 relief
0%
Effective Rate
£0
Net Rental Income
£0
S24 Tax Credit
Rental Profit
Tax Calculation
Summary

Section 24 (Finance Act 2020): Mortgage interest is no longer deductible from rental income. Instead, landlords receive a basic rate (20%) tax credit on mortgage interest payments. This means higher/additional rate taxpayers pay more tax on rental income than under the old rules.

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