Short answer: Rental income is taxable. Some landlords may also pay Class 2 NI as 'self-employed' in MTCA's sense. Check MTCA's rental income rules (TA24) for your case.
Key points
- A flat rate on gross rent may be available for qualifying residential lets.
- Rent counts as 'self-employed' income for Class 2 in some cases.
- Keep lease registration and tax filing aligned.
This is existing law, not a Budget 2027 announcement. Rates and amounts change by notice, so check the official source before relying on them.