Income Tax (Trading and Other Income) Act 2005 section 348

Person liable

Section 348 identifies who is liable to pay tax on rental income charged under the rules for income from property.

• Tax liability falls on the person who receives the rent or is entitled to receive it.
• This applies to all tax charges arising under the property income chapter.
• Entitlement to rent, not just actual receipt, is sufficient to create a tax liability.
• The rule ensures that the correct individual is identified as the taxpayer for property income purposes.