Your tax estimate
What the estimate counts, and why it needs to know about income outside property.
Open Finance and scroll to Tax estimate. It is a running estimate of what you will owe — updated as you record rent and costs, so you are not guessing come January. The picture above shows it.
Reading it
- Tax owed splits by how your properties are held: Income Tax on the ones you own personally, Corporation Tax on any held in a company. A Mixed ownership badge shows when you have both.
- Set aside / mo is what to keep back each month to cover the bill across both — a cash-reserve figure, not another tax.
- Full breakdown opens the workings: income, allowable costs, the tax-free allowance, and the band you fall in.
Making it accurate
The estimate uses what Abodient can see — your recorded rent and costs.
It cannot see your salary or other income, and your first £12,570 is tax-free, so Add your other income on any property's Finance tab tells it whether that allowance is already used.
The fuller your records, the closer the estimate.
If the figure looks off
- Higher than expected? Check you have recorded every allowable cost — each one lowers the taxable profit, and the Full breakdown shows what has been counted.
- Shows nothing? A property with no recorded income has nothing to estimate from yet. Record the rent and it fills in.