The simplest rental income calculator out there.

Your personalised report

The estimated amount of UK tax due on your total income is £{{ Math.floor(tax).toLocaleString() }} but you could receive a credit of £{{ Math.floor(mortRelief).toLocaleString() }} as mortgage tax relief. This will leave £{{ Math.ceil(taxInclRelief).toLocaleString() }} due for payment

Your gross rental income is £{{ Math.floor(income).toLocaleString() }} which after expenses calculates a profit of £{{ Math.floor(rentalProfit).toLocaleString() }}

As you have other income of £{{ otherIncome.toLocaleString() }} that utilises your personal allowance, the amount of profit that is taxable is £{{ Math.floor(rentalProfit).toLocaleString() }}

As some of your personal allowance is used by your other income, the amount of your profit that is taxable is £{{ taxableIncome.toLocaleString() }}

You have no taxable income as it is all within your personal allowance.

As you have no other income, the first £{{ personalAllowance.toLocaleString() }} of your rental profits are tax free. Therefore the amount of profit subject to tax is £{{ (rentalProfit - personalAllowance).toLocaleString() }}

No tax is due and you can declare a rental income loss of £{{ Math.floor(taxIncome).toLocaleString() }}

The estimated amount of UK tax owed on property income is £{{ Math.ceil(tax_on_property - mortRelief).toLocaleString() }} after tax relief on your mortgage interest

Your rental net income after all expenses, tax and reliefs is £{{ Math.floor(rental_net_income).toLocaleString() }} before mortgage payments. After mortgage payments the actual amount in your pocket is £{{ Math.floor(pocket).toLocaleString() }}

Assuming these figures do not change, you can start making a profit by making a mortgage overpayment of £{{ Math.ceil(overpaymentNeeded).toLocaleString() }} Your share of this overpayment should be £{{ (overpaymentNeeded*share1/100).toLocaleString() }}

Your portfolio provides a gross yield of {{formatNumber(grossYield,2)}}% and a net cash yield (after tax and mortgage payments if any) of {{formatNumber(netYield,2)}}% Taking equity built into consideration the net yield is {{formatNumber(netYieldinclEquity,2)}}%

Please note that your total rental income or your overall expenses are less than £1000 and depending on your circumstances you could benefit by claiming the property tax allowance of £1000 instead of calculating your taxable income normally as income minus expenses. You can find out more here. We have not taken this into account in the calculations below.