HMRC have published new data that shows the number of unincorporated landlords in the UK has risen to 2.82 million in 2021 to 2022.
An unincorporated landlord is an individual that declares their rental income and expenses on their personal tax return, the name of the property is in that of the individual.
The data, based on Income Tax Self-Assessment (ITSA) returns, shows that unincorporated landlords declared a total of £48.87 billion in property income from 2021 to 2022, up from £46.37 billion in 2020 to 2021. The average landlord income in that period was £17,300 in 2021 to 2022, up from £16,300 in 2017 to 2018.
Unincorporated landlords in Wales, Scotland and Northern Ireland accounted for 3%, 5% and 1% of total property income respectively.
And of England’s regions, the North East accounted for the smallest proportion of property income, at 2%.