Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hi. My name is*****'m looking at your question now and will post my answer or ask for more information here in a short while.
As you appear to be a UK national the first £12,500 of your UK rental income will be tax free. The next £37,500 will be taxed at 20% and the next £100,000 at 40%. You lose your personal allowance at the rate of £1 for every £2 of income over £100,000.
I hope this helps but let me know if you have any further questions.
Are you a UK national? Did you complete a UK tax return?
Did you complete the SA109 pages in which you claim the persona allowance?
If you have the HMRC tax calculation, can you blank out the personal information and scan and upload it to me using the paperclip tool.
Do you have a UK pension from a government department that you worked for?