The complete variety of unincorporated landlords that declared income from renting property in 2023 to 2024 was 2.86 million – this compares to 2.81 million in 2019 to 2020.
This is in accordance with the newest Property rental income statistics: 2025 from HM Revenue & Customs which additionally reveals that total, complete income from UK property elevated by £8.02bn, or 17% between 2019 to 2020 and 2023 to 2024, pushed by a rise in each common property income and the variety of people reporting property income.
Total property income declared by unincorporated landlords elevated in 2023 to 2024, to £55.53bn, its highest level within the final 5 years, in contrast with £52.82bn in 2022 to 2023
The HMRC knowledge additionally exhibits that property income is concentrated in London. In 2023 to 2024, 17% of unincorporated landlords had been primarily based in London, accounting for 27% of property income for unincorporated landlords.
The HMRC statistics covers taxpayers that obtain income from renting property that’s declared by way of Income Tax Self Assessment (ITSA) returns. It doesn’t include info on tenants, or on income acquired from shopping for and promoting properties.
As reported this week in Mortgage Strategy, The Treasury is contemplating growing taxes on landlords by including nationwide insurance coverage on rental income forward of the Chancellor’s autumn funds.
