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
We raised £25,800 for The Clock Towers Big City Sleep Out
6th December 2023
Braving the elements—wind, rain, and cold—our team at Coapt smashed the #bigcitysleepout for The Clock Tower Sanctuary. This involved spending…
Employee of the Month – November 2023
6th December 2023
We are thrilled to announce Chelcie, our maintenance coordinator as our Employee of the Month for November! Since stepping into…
Landlords’ Guide to Mould
6th December 2023
Despite diligent efforts to ventilate and maintain dry environments, mould has an uncanny knack for resurfacing persistently. The burning questions:…
