Is there a tax-free threshold for earned income from letting a second property? If so, when does it start?
The very short answer is no there isn’t. All rental income must be declared. Allowable costs can be deducted giving a profit on rental subject to tax.
Useful information is provided at:
Advice given is for illustration purposes only and should not be relied upon for your tax planning or tax affairs. We recommend that you seek the advice of a suitably qualified accountant before making any tax planning decisions.