Income from property more than doubled in 10 years
9th May 2023
Latest data released by HMRC indicates that over 2.1 million UK taxpayers received income from property in the tax year 2020/21, receiving on average a net income of £11,400.
Collectively these taxpayers received a total net income of £24.5 billion (net) in the tax year 2020/21, up 5% year on year. This is despite the fact the 2020/21 data includes the effects of the landlords’ interest restriction, phased in since 2017/18.
50% of individuals received between £20,000 and £50,000 in total gross income, although one in eleven received £100,000 or more. Such individuals accounted for over 19% of the total net income received.
The number of UK taxpayers receiving an income from property rose by close to a quarter of a million in the 5 years to 2020/21. Source: Dataloft, HMRC, 2023
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