Rental income - queries

SuperSaver123

zygurat789 wrote: »

In my experience HMRC tend to tax rental income through the code number, the OP did mention SMP so presumably has a PAYE employment.
This doesn't relieve her of the responsibility to submit a tax return.

Or do you refer to the payment on account only?

zygurat789

SuperSaver123 wrote: »

really? So I would only pay extra tax on the surplus of rental income above tax free amount? and the rest would be collected through tax code on my PAYE??

Yes I am on PAYE.

I do not understand what you mean by that.

If you are on PAYE then at least some, if not all, of your personal allowance will be used up so all the rental income will be taxed through your salary.
Your code number will be reduced by the taxable amount of rental income in the previous year or if in the first year, your estimate.

zygurat789

SuperSaver123 wrote: »

Or do you refer to the payment on account only?

All tax is oaid PAYE there are no payments on account

saintalan

IIRC isnt there a choice to pay via PAYE (if you have it) or after/with tax return?