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BIM41000 | Specific receipts: rents: contents

From HM Revenue & Customs · Business Income Manual

Subject to a few exceptions, rents received in respect of premises should, in law, be excluded, together with the related outgoings, in computing the profits of a trade or profession.

Guidance on:

  • The taxation of rents and other income from property is in the Property Income Manual.

  • The commercial background and accountancy treatment of leasing is in the Business Leasing Manual.

This chapter contains the following:

Contents5 entries

  1. BIM41001Specific receipts: rents: rents are not trade receipts
  2. BIM41005Specific receipts: rents: profits from services to tenants
  3. BIM41010Specific receipts: rents: letting surplus accommodation: expenses
  4. BIM41015Specific receipts: rents: letting surplus accommodation: rents may be treated as trading receipts
  5. BIM41020Specific receipts: rents: letting surplus accommodation: rents may be treated as trading receipts: example