Rental profit, the mortgage interest restriction, and what happens when you sell.
What counts as income, what comes off it, and the reliefs most landlords miss.
Property is taxed differently from a trade, and the differences are not intuitive. Rent is not turnover, mortgage interest is not an expense, and the two £1,000 allowances that sound identical do different jobs. Landlords who apply sole-trader logic to a rental usually get it wrong in the same three places.
This module builds the rental profit figure properly, then covers the two reliefs that are most often left unclaimed.
Why interest stopped being an expense, and what replaced it.
The change to mortgage interest relief is the single most consequential thing that has happened to residential landlords in the last decade, and it is still routinely misunderstood. Interest is no longer deducted from rental income. Instead a basic rate credit is applied to the tax bill.
For a basic-rate taxpayer the outcome is roughly the same. For a higher-rate taxpayer it is significantly worse, and it can push people into higher rate bands they did not expect to reach. These two lessons explain the mechanism and then show what it does to real numbers.
Getting it on the return, sharing ownership, and the 60-day trap when you sell.
The last module covers the mechanics: putting the property pages on your return, how jointly owned property is split, and what happens when you sell. That final part contains the single most expensive deadline in landlord taxation, and it is one that did not exist a few years ago, so plenty of experienced landlords have never met it.
10 questions covering the whole course. Score 80% or more and you get a certificate of completion. You can retake it as many times as you like.
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