Contents of Part B6
B6.2ÌýÌýÌýÌý Property businesses
B6.3ÌýÌýÌýÌý Lease premiums etc
B6.4ÌýÌýÌýÌý Furnished holiday lettings
[B6.5]ÌýÌýÌýÌý [Removed]
B6.6ÌýÌýÌýÌý Rent-a-room relief
B6.7ÌýÌýÌýÌý Annual tax on enveloped dwellings (ATED)
Division B6.2ÌýÌýÌýÌý Property businesses
For updates affecting this Division please see Part B0 Updates
Definition of a property business
B6.201 Property businesses—overview
All UK rental activities are considered to form a single 'UK property business'1. Treating all such activities as one single business means that it is not necessary for taxpayers to calculate their profits and losses in respect of individual properties; nor is it necessary for common costs to be apportioned across a number of different properties. Both income tax and corporation tax are concerned only with the aggregate result of the taxpayer's rental activities in the UK.
Similarly, all income arising in respect of land outside the UK is treated as part of a single overseas property business2.
Within the scope of a property business (defined as covering both UK and overseas property businesses)3 is any activity by the
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