1. [Cash basis (default for many property businesses)](https://library.croneri.co.uk/po-heading-id_etLe-IBz3kic9MH-4Ojj1Q)
1.1. Conditions
1.1.1. Individual
1.1.2. Cash basis receipts < £150k
1.2. Options
1.2.1. Elect to use cash basis
1.3. Tax treatment
1.3.1. No sideways relief for losses
2. [Property allowance](https://library.croneri.co.uk/po-heading-id_G5zz8IfZIU2-Ds_kEp3YMg)
2.1. Individuals only
2.2. Limit £1,000
2.3. Tax free if below limit
2.4. Options
2.4.1. Elect to deduct £1,000
2.4.2. Elect to disapply relief
3. [Rent-a-room receipts](https://library.croneri.co.uk/po-heading-id_q9EANLtc-02UIJTaTrSXSg)
3.1. Individuals only
3.2. Let part of residence
3.3. Limit
3.3.1. £7,500 if only person entitled
3.3.2. Otherwise, £3,750
3.4. Tax free if below limit
3.5. Options
3.5.1. Elect to deduct £7,500/£3,750
3.5.2. Elect to disapply relief
4. Surcharge from 6 April 2027
4.1. **from 20% to 22%, 40% to 40%, and 45 to 47% for income tax payers receiving rental and property income.**
5. [FHLs (abolished 6 April 2025)](https://library.croneri.co.uk/po-heading-id_Im2GHfXpy067Hwxb8pwCAA)
5.1. Individuals, trusts and companies
5.2. Conditions
5.2.1. EEA (inc. UK)
5.2.2. Furnished
5.2.3. Commercial basis
5.2.4. Availability condition
5.2.4.1. At least 210 days
5.2.5. Letting condition
5.2.5.1. At least 105 days
5.2.5.1.1. Averaging election
5.2.5.1.2. Period of grace election
5.2.6. Pattern of occupation condition
5.2.6.1. Restriction on 'longer-term' occupation
5.3. Tax treatment
5.3.1. Capital allowances
5.3.2. Interest not restricted to BR
5.3.3. CGT reliefs as if trade
5.3.4. Losses ring-fenced from non-FHL profits