Rental yields after the 2027 landlord tax rise, by local authority

Estimate · Illustrative after-tax rental yields, GableIndex calculation from official rent and sale-price statistics; 316 local authorities, rents Jul 2026.

From 6 April 2027, rental profit in England, Wales and Northern Ireland is taxed at 24%, 44% and 49% instead of 20%, 40% and 45%. On our illustrative method, that takes the median local authority's after-tax yield for a higher-rate landlord from 1.96% to 1.83%, and the number of local authorities where that yield is under 2% rises from 175 to 231 of 316.

What changes in April 2027

Budget 2026 creates separate income tax rates for property income. Rental profit is currently taxed at the main rates of 20% (basic), 40% (higher) and 45% (additional). From the 2027 to 2028 tax year, which starts on 6 April 2027, the property rates are 24%, 44% and 49%. Each rate goes up by 4 percentage points. The income bands do not change: basic rate on taxable income up to £37,700 above the £12,570 personal allowance, higher rate up to £125,140, additional rate above that. The rates apply in England, Wales and Northern Ireland; the Scottish and Welsh governments can set their own property rates.

Official sources: Budget 2026: overview of tax legislation and rates (section 1.2) · Annex A: rates and allowances · HMRC: changes to tax rates for property and savings income.

Median local authority, by tax band

Tax bandRate nowRate from Apr 2027Median after-tax yield nowMedian from Apr 2027Relative fallLocal authorities under 2% (now → 2027)
Basic20%24%2.61%2.48%−5.0%5 → 17
Higher40%44%1.96%1.83%−6.7%175 → 231
Additional45%49%1.80%1.67%−7.3%236 → 274

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All 316 local authorities

Sorted by gross yield, highest first. Download the CSV.

Local authorityAreaGross yieldBefore tax, after costsBasic now (20%)Basic 2027 (24%)Higher now (40%)Higher 2027 (44%)Additional now (45%)Additional 2027 (49%)Change, every band (pts)Extra tax a year on average rent
Newcastle upon TyneEngland7.07%5.30%4.24%4.03%3.18%2.97%2.91%2.70%−0.21£435
Bristol, City ofEngland6.41%4.81%3.85%3.65%2.88%2.69%2.64%2.45%−0.19£677
PortsmouthEngland6.31%4.73%3.79%3.60%2.84%2.65%2.60%2.41%−0.19£492
ManchesterEngland6.30%4.72%3.78%3.59%2.83%2.65%2.60%2.41%−0.19£491
Tower HamletsLondon6.25%4.69%3.75%3.56%2.81%2.63%2.58%2.39%−0.19£878
Merthyr TydfilWales6.25%4.69%3.75%3.56%2.81%2.62%2.58%2.39%−0.19£272
BlackpoolEngland6.12%4.59%3.67%3.49%2.75%2.57%2.52%2.34%−0.18£257
NottinghamEngland6.07%4.55%3.64%3.46%2.73%2.55%2.50%2.32%−0.18£364
LincolnEngland5.96%4.47%3.58%3.40%2.68%2.50%2.46%2.28%−0.18£340
Kingston upon Hull, City ofEngland5.92%4.44%3.55%3.38%2.67%2.49%2.44%2.27%−0.18£249
GatesheadEngland5.91%4.43%3.55%3.37%2.66%2.48%2.44%2.26%−0.18£287
SalfordEngland5.91%4.43%3.55%3.37%2.66%2.48%2.44%2.26%−0.18£420
NorwichEngland5.85%4.39%3.51%3.34%2.63%2.46%2.41%2.24%−0.18£413
SouthamptonEngland5.79%4.34%3.48%3.30%2.61%2.43%2.39%2.22%−0.17£452
LiverpoolEngland5.74%4.31%3.44%3.27%2.58%2.41%2.37%2.20%−0.17£327
Blaenau GwentWales5.74%4.30%3.44%3.27%2.58%2.41%2.37%2.19%−0.17£244
Bath and North East SomersetEngland5.71%4.29%3.43%3.26%2.57%2.40%2.36%2.19%−0.17£677
LambethLondon5.62%4.22%3.37%3.21%2.53%2.36%2.32%2.15%−0.17£907
SunderlandEngland5.54%4.15%3.32%3.16%2.49%2.33%2.29%2.12%−0.17£253
Rhondda Cynon TafWales5.51%4.13%3.31%3.14%2.48%2.31%2.27%2.11%−0.17£271
SouthwarkLondon5.48%4.11%3.29%3.12%2.47%2.30%2.26%2.10%−0.16£875
LeedsEngland5.47%4.10%3.28%3.12%2.46%2.30%2.26%2.09%−0.16£410
BirminghamEngland5.46%4.10%3.28%3.12%2.46%2.30%2.25%2.09%−0.16£393
GosportEngland5.44%4.08%3.26%3.10%2.45%2.28%2.24%2.08%−0.16£419
ReadingEngland5.40%4.05%3.24%3.08%2.43%2.27%2.23%2.07%−0.16£566
BurnleyEngland5.38%4.04%3.23%3.07%2.42%2.26%2.22%2.06%−0.16£226
HackneyLondon5.38%4.03%3.23%3.07%2.42%2.26%2.22%2.06%−0.16£952
County DurhamEngland5.38%4.03%3.23%3.06%2.42%2.26%2.22%2.06%−0.16£232
HarlowEngland5.36%4.02%3.21%3.05%2.41%2.25%2.21%2.05%−0.16£546
HyndburnEngland5.34%4.00%3.20%3.04%2.40%2.24%2.20%2.04%−0.16£232
Stoke-on-TrentEngland5.33%4.00%3.20%3.04%2.40%2.24%2.20%2.04%−0.16£256
CoventryEngland5.32%3.99%3.19%3.03%2.39%2.23%2.19%2.03%−0.16£367
NewhamLondon5.32%3.99%3.19%3.03%2.39%2.23%2.19%2.03%−0.16£694
Barking and DagenhamLondon5.29%3.96%3.17%3.01%2.38%2.22%2.18%2.02%−0.16£611
PlymouthEngland5.28%3.96%3.17%3.01%2.38%2.22%2.18%2.02%−0.16£360
ExeterEngland5.28%3.96%3.17%3.01%2.38%2.22%2.18%2.02%−0.16£475
TorfaenWales5.27%3.95%3.16%3.01%2.37%2.21%2.18%2.02%−0.16£309
IslingtonLondon5.27%3.95%3.16%3.00%2.37%2.21%2.17%2.02%−0.16£1,027
South TynesideEngland5.26%3.95%3.16%3.00%2.37%2.21%2.17%2.01%−0.16£265
PendleEngland5.26%3.94%3.15%3.00%2.37%2.21%2.17%2.01%−0.16£240
MiddlesbroughEngland5.24%3.93%3.15%2.99%2.36%2.20%2.16%2.01%−0.16£252
GloucesterEngland5.23%3.92%3.14%2.98%2.35%2.20%2.16%2.00%−0.16£400
GreenwichLondon5.22%3.92%3.13%2.98%2.35%2.19%2.15%2.00%−0.16£713
WatfordEngland5.21%3.91%3.13%2.97%2.34%2.19%2.15%1.99%−0.16£656
OxfordEngland5.20%3.90%3.12%2.96%2.34%2.18%2.14%1.99%−0.16£708
OldhamEngland5.20%3.90%3.12%2.96%2.34%2.18%2.14%1.99%−0.16£335
CardiffWales5.20%3.90%3.12%2.96%2.34%2.18%2.14%1.99%−0.16£421
KnowsleyEngland5.19%3.90%3.12%2.96%2.34%2.18%2.14%1.99%−0.16£304
SheffieldEngland5.19%3.89%3.11%2.96%2.33%2.18%2.14%1.98%−0.16£334
South GloucestershireEngland5.14%3.85%3.08%2.93%2.31%2.16%2.12%1.97%−0.15£524
BoltonEngland5.12%3.84%3.07%2.92%2.31%2.15%2.11%1.96%−0.15£318
Blackburn with DarwenEngland5.11%3.83%3.06%2.91%2.30%2.15%2.11%1.95%−0.15£257
Brighton and HoveEngland5.11%3.83%3.06%2.91%2.30%2.15%2.11%1.95%−0.15£651
SandwellEngland5.11%3.83%3.06%2.91%2.30%2.15%2.11%1.95%−0.15£341
RossendaleEngland5.10%3.83%3.06%2.91%2.30%2.14%2.11%1.95%−0.15£291
TamesideEngland5.10%3.83%3.06%2.91%2.30%2.14%2.10%1.95%−0.15£334
CrawleyEngland5.09%3.82%3.06%2.90%2.29%2.14%2.10%1.95%−0.15£535
EastbourneEngland5.09%3.82%3.05%2.90%2.29%2.14%2.10%1.95%−0.15£420
SwanseaWales5.09%3.82%3.05%2.90%2.29%2.14%2.10%1.95%−0.15£305
DartfordEngland5.02%3.77%3.01%2.86%2.26%2.11%2.07%1.92%−0.15£565
WolverhamptonEngland5.02%3.77%3.01%2.86%2.26%2.11%2.07%1.92%−0.15£339
LeicesterEngland5.02%3.76%3.01%2.86%2.26%2.11%2.07%1.92%−0.15£369
St. HelensEngland5.01%3.76%3.01%2.86%2.26%2.11%2.07%1.92%−0.15£289
Bournemouth, Christchurch and PooleEngland5.01%3.76%3.01%2.86%2.26%2.10%2.07%1.92%−0.15£504
Neath Port TalbotWales5.01%3.76%3.01%2.86%2.25%2.10%2.07%1.92%−0.15£248
IpswichEngland5.01%3.76%3.00%2.85%2.25%2.10%2.07%1.92%−0.15£357
WandsworthLondon4.97%3.73%2.98%2.83%2.24%2.09%2.05%1.90%−0.15£943
Hammersmith and FulhamLondon4.97%3.73%2.98%2.83%2.24%2.09%2.05%1.90%−0.15£1,007
West SuffolkEngland4.93%3.70%2.96%2.81%2.22%2.07%2.03%1.89%−0.15£424
StevenageEngland4.92%3.69%2.95%2.81%2.22%2.07%2.03%1.88%−0.15£517
PeterboroughEngland4.91%3.68%2.95%2.80%2.21%2.06%2.03%1.88%−0.15£361
Stockton-on-TeesEngland4.90%3.68%2.94%2.79%2.21%2.06%2.02%1.87%−0.15£265
WalsallEngland4.89%3.66%2.93%2.78%2.20%2.05%2.02%1.87%−0.15£330
NewportWales4.88%3.66%2.93%2.78%2.20%2.05%2.01%1.87%−0.15£344
AshfieldEngland4.88%3.66%2.93%2.78%2.20%2.05%2.01%1.87%−0.15£285
SeftonEngland4.88%3.66%2.93%2.78%2.20%2.05%2.01%1.87%−0.15£337
HounslowLondon4.86%3.65%2.92%2.77%2.19%2.04%2.01%1.86%−0.15£700
Newcastle-under-LymeEngland4.86%3.64%2.92%2.77%2.19%2.04%2.00%1.86%−0.15£299
LancasterEngland4.85%3.64%2.91%2.77%2.18%2.04%2.00%1.86%−0.15£293
MansfieldEngland4.85%3.64%2.91%2.76%2.18%2.04%2.00%1.85%−0.15£284
DarlingtonEngland4.84%3.63%2.91%2.76%2.18%2.03%2.00%1.85%−0.15£247
RochdaleEngland4.79%3.59%2.87%2.73%2.15%2.01%1.98%1.83%−0.14£304
MertonLondon4.78%3.59%2.87%2.73%2.15%2.01%1.97%1.83%−0.14£775
WestminsterLondon4.77%3.58%2.86%2.72%2.15%2.00%1.97%1.82%−0.14£1,144
BroxbourneEngland4.76%3.57%2.86%2.72%2.14%2.00%1.96%1.82%−0.14£607
MedwayEngland4.75%3.57%2.85%2.71%2.14%2.00%1.96%1.82%−0.14£445
North TynesideEngland4.75%3.56%2.85%2.71%2.14%1.99%1.96%1.82%−0.14£306
North East LincolnshireEngland4.75%3.56%2.85%2.71%2.14%1.99%1.96%1.82%−0.14£228
Milton KeynesEngland4.74%3.56%2.84%2.70%2.13%1.99%1.96%1.81%−0.14£483
BasildonEngland4.74%3.55%2.84%2.70%2.13%1.99%1.95%1.81%−0.14£512
BolsoverEngland4.73%3.55%2.84%2.70%2.13%1.99%1.95%1.81%−0.14£256
YorkEngland4.73%3.55%2.84%2.70%2.13%1.99%1.95%1.81%−0.14£429
EalingLondon4.73%3.55%2.84%2.70%2.13%1.99%1.95%1.81%−0.14£751
BradfordEngland4.73%3.55%2.84%2.70%2.13%1.99%1.95%1.81%−0.14£270
DerbyEngland4.73%3.55%2.84%2.70%2.13%1.99%1.95%1.81%−0.14£309
PrestonEngland4.73%3.55%2.84%2.69%2.13%1.99%1.95%1.81%−0.14£284
BuryEngland4.73%3.55%2.84%2.69%2.13%1.99%1.95%1.81%−0.14£349
SwindonEngland4.72%3.54%2.83%2.69%2.12%1.98%1.95%1.81%−0.14£392
SloughEngland4.71%3.53%2.82%2.68%2.12%1.98%1.94%1.80%−0.14£565
Nuneaton and BedworthEngland4.70%3.53%2.82%2.68%2.12%1.98%1.94%1.80%−0.14£332
BostonEngland4.70%3.53%2.82%2.68%2.12%1.97%1.94%1.80%−0.14£289
LewishamLondon4.67%3.50%2.80%2.66%2.10%1.96%1.93%1.79%−0.14£658
Redcar and ClevelandEngland4.66%3.50%2.80%2.66%2.10%1.96%1.92%1.78%−0.14£231
WyreEngland4.65%3.49%2.79%2.65%2.09%1.95%1.92%1.78%−0.14£265
WakefieldEngland4.64%3.48%2.79%2.65%2.09%1.95%1.92%1.78%−0.14£288
CalderdaleEngland4.63%3.48%2.78%2.64%2.09%1.95%1.91%1.77%−0.14£271
CumberlandEngland4.63%3.47%2.78%2.64%2.08%1.94%1.91%1.77%−0.14£243
BarnsleyEngland4.62%3.46%2.77%2.63%2.08%1.94%1.91%1.77%−0.14£249
HaringeyLondon4.61%3.46%2.77%2.63%2.08%1.94%1.90%1.77%−0.14£797
EnfieldLondon4.61%3.46%2.77%2.63%2.08%1.94%1.90%1.76%−0.14£656
ThurrockEngland4.61%3.46%2.77%2.63%2.07%1.94%1.90%1.76%−0.14£495
DoncasterEngland4.61%3.46%2.76%2.63%2.07%1.93%1.90%1.76%−0.14£249
Great YarmouthEngland4.59%3.44%2.75%2.61%2.06%1.93%1.89%1.75%−0.14£303
TendringEngland4.59%3.44%2.75%2.61%2.06%1.93%1.89%1.75%−0.14£378
HaltonEngland4.58%3.44%2.75%2.61%2.06%1.93%1.89%1.75%−0.14£268
WorcesterEngland4.58%3.44%2.75%2.61%2.06%1.93%1.89%1.75%−0.14£351
Cannock ChaseEngland4.58%3.44%2.75%2.61%2.06%1.92%1.89%1.75%−0.14£309
LutonEngland4.58%3.43%2.75%2.61%2.06%1.92%1.89%1.75%−0.14£440
CheltenhamEngland4.58%3.43%2.75%2.61%2.06%1.92%1.89%1.75%−0.14£453
WorthingEngland4.57%3.43%2.74%2.61%2.06%1.92%1.89%1.75%−0.14£469
WrexhamWales4.56%3.42%2.74%2.60%2.05%1.92%1.88%1.74%−0.14£276
North NorthamptonshireEngland4.56%3.42%2.74%2.60%2.05%1.92%1.88%1.74%−0.14£356
ErewashEngland4.55%3.41%2.73%2.59%2.05%1.91%1.88%1.74%−0.14£300
RushmoorEngland4.55%3.41%2.73%2.59%2.05%1.91%1.88%1.74%−0.14£499
ChesterfieldEngland4.55%3.41%2.73%2.59%2.05%1.91%1.88%1.74%−0.14£271
ThanetEngland4.53%3.40%2.72%2.58%2.04%1.90%1.87%1.73%−0.14£401
North SomersetEngland4.52%3.39%2.71%2.58%2.03%1.90%1.86%1.73%−0.14£434
SolihullEngland4.51%3.38%2.71%2.57%2.03%1.90%1.86%1.73%−0.14£457
CambridgeEngland4.51%3.38%2.71%2.57%2.03%1.89%1.86%1.73%−0.14£650
North WarwickshireEngland4.51%3.38%2.70%2.57%2.03%1.89%1.86%1.72%−0.14£352
Telford and WrekinEngland4.49%3.37%2.70%2.56%2.02%1.89%1.85%1.72%−0.13£310
TorbayEngland4.49%3.37%2.69%2.56%2.02%1.89%1.85%1.72%−0.13£330
CanterburyEngland4.49%3.37%2.69%2.56%2.02%1.89%1.85%1.72%−0.13£461
BroxtoweEngland4.48%3.36%2.69%2.55%2.02%1.88%1.85%1.71%−0.13£340
FlintshireWales4.48%3.36%2.69%2.55%2.02%1.88%1.85%1.71%−0.13£289
CamdenLondon4.48%3.36%2.69%2.55%2.02%1.88%1.85%1.71%−0.13£1,008
Oadby and WigstonEngland4.47%3.35%2.68%2.55%2.01%1.88%1.85%1.71%−0.13£369
WiganEngland4.47%3.35%2.68%2.55%2.01%1.88%1.84%1.71%−0.13£268
CaerphillyWales4.46%3.34%2.67%2.54%2.01%1.87%1.84%1.71%−0.13£267
Cheshire West and ChesterEngland4.45%3.34%2.67%2.54%2.00%1.87%1.83%1.70%−0.13£355
WirralEngland4.45%3.33%2.67%2.53%2.00%1.87%1.83%1.70%−0.13£307
Southend-on-SeaEngland4.44%3.33%2.67%2.53%2.00%1.87%1.83%1.70%−0.13£467
RugbyEngland4.44%3.33%2.67%2.53%2.00%1.87%1.83%1.70%−0.13£377
CherwellEngland4.44%3.33%2.66%2.53%2.00%1.86%1.83%1.70%−0.13£466
ColchesterEngland4.42%3.31%2.65%2.52%1.99%1.85%1.82%1.69%−0.13£431
TamworthEngland4.42%3.31%2.65%2.52%1.99%1.85%1.82%1.69%−0.13£331
SevenoaksEngland4.42%3.31%2.65%2.52%1.99%1.85%1.82%1.69%−0.13£649
ConwyWales4.41%3.31%2.65%2.52%1.99%1.85%1.82%1.69%−0.13£285
CroydonLondon4.41%3.31%2.65%2.51%1.99%1.85%1.82%1.69%−0.13£569
Isle of WightEngland4.41%3.31%2.65%2.51%1.98%1.85%1.82%1.69%−0.13£342
Folkestone and HytheEngland4.41%3.31%2.65%2.51%1.98%1.85%1.82%1.69%−0.13£423
North LincolnshireEngland4.40%3.30%2.64%2.51%1.98%1.85%1.82%1.68%−0.13£235
AdurEngland4.40%3.30%2.64%2.51%1.98%1.85%1.82%1.68%−0.13£504
BrentLondon4.39%3.29%2.63%2.50%1.98%1.84%1.81%1.68%−0.13£724
West NorthamptonshireEngland4.39%3.29%2.63%2.50%1.97%1.84%1.81%1.68%−0.13£388
FenlandEngland4.38%3.29%2.63%2.50%1.97%1.84%1.81%1.68%−0.13£302
South RibbleEngland4.36%3.27%2.62%2.49%1.96%1.83%1.80%1.67%−0.13£288
HartlepoolEngland4.36%3.27%2.62%2.49%1.96%1.83%1.80%1.67%−0.13£200
KirkleesEngland4.35%3.27%2.61%2.48%1.96%1.83%1.80%1.67%−0.13£281
Tonbridge and MallingEngland4.34%3.26%2.61%2.48%1.95%1.82%1.79%1.66%−0.13£534
RedditchEngland4.34%3.26%2.61%2.48%1.95%1.82%1.79%1.66%−0.13£342
SwaleEngland4.34%3.25%2.60%2.47%1.95%1.82%1.79%1.66%−0.13£397
AshfordEngland4.33%3.25%2.60%2.47%1.95%1.82%1.79%1.66%−0.13£449
GwyneddWales4.33%3.25%2.60%2.47%1.95%1.82%1.79%1.66%−0.13£260
ArunEngland4.33%3.25%2.60%2.47%1.95%1.82%1.79%1.66%−0.13£442
WokingEngland4.32%3.24%2.59%2.46%1.94%1.81%1.78%1.65%−0.13£583
TraffordEngland4.32%3.24%2.59%2.46%1.94%1.81%1.78%1.65%−0.13£492
GraveshamEngland4.32%3.24%2.59%2.46%1.94%1.81%1.78%1.65%−0.13£479
GedlingEngland4.32%3.24%2.59%2.46%1.94%1.81%1.78%1.65%−0.13£324
HastingsEngland4.31%3.23%2.59%2.46%1.94%1.81%1.78%1.65%−0.13£362
StockportEngland4.30%3.23%2.58%2.45%1.94%1.81%1.77%1.64%−0.13£400
BraintreeEngland4.30%3.22%2.58%2.45%1.93%1.80%1.77%1.64%−0.13£438
SpelthorneEngland4.29%3.21%2.57%2.44%1.93%1.80%1.77%1.64%−0.13£598
Epping ForestEngland4.29%3.21%2.57%2.44%1.93%1.80%1.77%1.64%−0.13£663
BexleyLondon4.28%3.21%2.57%2.44%1.93%1.80%1.77%1.64%−0.13£552
FyldeEngland4.28%3.21%2.57%2.44%1.92%1.80%1.76%1.64%−0.13£312
Hinckley and BosworthEngland4.27%3.20%2.56%2.44%1.92%1.79%1.76%1.63%−0.13£336
SomersetEngland4.27%3.20%2.56%2.44%1.92%1.79%1.76%1.63%−0.13£362
ChelmsfordEngland4.27%3.20%2.56%2.44%1.92%1.79%1.76%1.63%−0.13£519
DudleyEngland4.26%3.20%2.56%2.43%1.92%1.79%1.76%1.63%−0.13£307
LichfieldEngland4.26%3.19%2.55%2.43%1.92%1.79%1.76%1.63%−0.13£396
DoverEngland4.26%3.19%2.55%2.43%1.92%1.79%1.76%1.63%−0.13£370
East StaffordshireEngland4.25%3.19%2.55%2.43%1.91%1.79%1.76%1.63%−0.13£306
MaidstoneEngland4.25%3.19%2.55%2.42%1.91%1.79%1.75%1.63%−0.13£465
WarwickEngland4.25%3.19%2.55%2.42%1.91%1.78%1.75%1.62%−0.13£446
HavantEngland4.23%3.17%2.54%2.41%1.90%1.78%1.75%1.62%−0.13£413
CornwallEngland4.23%3.17%2.54%2.41%1.90%1.78%1.74%1.62%−0.13£361
EastleighEngland4.22%3.17%2.53%2.41%1.90%1.77%1.74%1.62%−0.13£437
DacorumEngland4.22%3.17%2.53%2.41%1.90%1.77%1.74%1.61%−0.13£570
South DerbyshireEngland4.22%3.16%2.53%2.40%1.90%1.77%1.74%1.61%−0.13£316
BlabyEngland4.22%3.16%2.53%2.40%1.90%1.77%1.74%1.61%−0.13£358
Bracknell ForestEngland4.21%3.16%2.53%2.40%1.89%1.77%1.74%1.61%−0.13£524
Amber ValleyEngland4.21%3.15%2.52%2.40%1.89%1.77%1.74%1.61%−0.13£286
RotherhamEngland4.20%3.15%2.52%2.40%1.89%1.77%1.73%1.61%−0.13£246
High PeakEngland4.20%3.15%2.52%2.40%1.89%1.76%1.73%1.61%−0.13£334
Welwyn HatfieldEngland4.20%3.15%2.52%2.39%1.89%1.76%1.73%1.61%−0.13£543
BrecklandEngland4.19%3.14%2.51%2.39%1.88%1.76%1.73%1.60%−0.13£333
Basingstoke and DeaneEngland4.18%3.14%2.51%2.38%1.88%1.76%1.73%1.60%−0.13£471
CharnwoodEngland4.18%3.14%2.51%2.38%1.88%1.76%1.72%1.60%−0.13£345
King's Lynn and West NorfolkEngland4.18%3.13%2.51%2.38%1.88%1.75%1.72%1.60%−0.13£338
Tunbridge WellsEngland4.17%3.13%2.50%2.38%1.88%1.75%1.72%1.60%−0.13£550
DenbighshireWales4.17%3.13%2.50%2.38%1.88%1.75%1.72%1.59%−0.13£256
StaffordEngland4.16%3.12%2.50%2.37%1.87%1.75%1.72%1.59%−0.12£323
Kensington and ChelseaLondon4.15%3.11%2.49%2.36%1.87%1.74%1.71%1.59%−0.12£1,306
GuildfordEngland4.15%3.11%2.49%2.36%1.87%1.74%1.71%1.59%−0.12£622
BridgendWales4.14%3.10%2.48%2.36%1.86%1.74%1.71%1.58%−0.12£273
FarehamEngland4.14%3.10%2.48%2.36%1.86%1.74%1.71%1.58%−0.12£428
Vale of White HorseEngland4.13%3.10%2.48%2.36%1.86%1.74%1.70%1.58%−0.12£483
ChorleyEngland4.13%3.10%2.48%2.36%1.86%1.74%1.70%1.58%−0.12£285
LewesEngland4.13%3.10%2.48%2.35%1.86%1.73%1.70%1.58%−0.12£477
HaveringLondon4.12%3.09%2.47%2.35%1.86%1.73%1.70%1.58%−0.12£563
BassetlawEngland4.11%3.09%2.47%2.35%1.85%1.73%1.70%1.57%−0.12£259
Test ValleyEngland4.11%3.08%2.47%2.34%1.85%1.73%1.70%1.57%−0.12£444
CarmarthenshireWales4.11%3.08%2.47%2.34%1.85%1.73%1.70%1.57%−0.12£247
Central BedfordshireEngland4.11%3.08%2.46%2.34%1.85%1.72%1.69%1.57%−0.12£450
Windsor and MaidenheadEngland4.10%3.08%2.46%2.34%1.85%1.72%1.69%1.57%−0.12£650
Reigate and BansteadEngland4.09%3.07%2.46%2.33%1.84%1.72%1.69%1.57%−0.12£589
Vale of GlamorganWales4.08%3.06%2.45%2.33%1.84%1.72%1.68%1.56%−0.12£355
Castle PointEngland4.08%3.06%2.45%2.32%1.83%1.71%1.68%1.56%−0.12£453
North HertfordshireEngland4.08%3.06%2.45%2.32%1.83%1.71%1.68%1.56%−0.12£514
North West LeicestershireEngland4.07%3.06%2.44%2.32%1.83%1.71%1.68%1.56%−0.12£328
North KestevenEngland4.07%3.06%2.44%2.32%1.83%1.71%1.68%1.56%−0.12£295
SuttonLondon4.07%3.05%2.44%2.32%1.83%1.71%1.68%1.56%−0.12£559
Newark and SherwoodEngland4.06%3.05%2.44%2.32%1.83%1.71%1.68%1.55%−0.12£293
Westmorland and FurnessEngland4.06%3.04%2.44%2.31%1.83%1.71%1.67%1.55%−0.12£292
RunnymedeEngland4.06%3.04%2.43%2.31%1.83%1.70%1.67%1.55%−0.12£568
WealdenEngland4.05%3.04%2.43%2.31%1.82%1.70%1.67%1.55%−0.12£456
East HertfordshireEngland4.05%3.04%2.43%2.31%1.82%1.70%1.67%1.55%−0.12£547
WarringtonEngland4.05%3.04%2.43%2.31%1.82%1.70%1.67%1.55%−0.12£322
West BerkshireEngland4.04%3.03%2.43%2.30%1.82%1.70%1.67%1.55%−0.12£473
HorshamEngland4.04%3.03%2.42%2.30%1.82%1.70%1.67%1.55%−0.12£527
BedfordEngland4.01%3.01%2.41%2.29%1.81%1.68%1.65%1.53%−0.12£421
TewkesburyEngland4.01%3.01%2.41%2.29%1.80%1.68%1.65%1.53%−0.12£391
HertsmereEngland4.00%3.00%2.40%2.28%1.80%1.68%1.65%1.53%−0.12£654
RedbridgeLondon3.98%2.98%2.39%2.27%1.79%1.67%1.64%1.52%−0.12£621
South CambridgeshireEngland3.97%2.97%2.38%2.26%1.78%1.67%1.64%1.52%−0.12£508
TandridgeEngland3.96%2.97%2.38%2.26%1.78%1.66%1.63%1.52%−0.12£588
WiltshireEngland3.96%2.97%2.37%2.26%1.78%1.66%1.63%1.51%−0.12£386
BarnetLondon3.96%2.97%2.37%2.25%1.78%1.66%1.63%1.51%−0.12£700
NorthumberlandEngland3.95%2.96%2.37%2.25%1.78%1.66%1.63%1.51%−0.12£249
RotherEngland3.94%2.96%2.36%2.25%1.77%1.66%1.63%1.51%−0.12£420
HuntingdonshireEngland3.94%2.95%2.36%2.24%1.77%1.65%1.62%1.51%−0.12£378
Cheshire EastEngland3.94%2.95%2.36%2.24%1.77%1.65%1.62%1.51%−0.12£354
West OxfordshireEngland3.93%2.95%2.36%2.24%1.77%1.65%1.62%1.50%−0.12£465
South StaffordshireEngland3.93%2.95%2.36%2.24%1.77%1.65%1.62%1.50%−0.12£342
South NorfolkEngland3.92%2.94%2.35%2.24%1.77%1.65%1.62%1.50%−0.12£353
South HollandEngland3.92%2.94%2.35%2.24%1.76%1.65%1.62%1.50%−0.12£276
Richmond upon ThamesLondon3.92%2.94%2.35%2.23%1.76%1.65%1.62%1.50%−0.12£834
Wyre ForestEngland3.91%2.93%2.35%2.23%1.76%1.64%1.61%1.50%−0.12£296
Mid SuffolkEngland3.91%2.93%2.35%2.23%1.76%1.64%1.61%1.50%−0.12£360
East LindseyEngland3.90%2.93%2.34%2.22%1.76%1.64%1.61%1.49%−0.12£252
TeignbridgeEngland3.90%2.92%2.34%2.22%1.75%1.64%1.61%1.49%−0.12£345
WinchesterEngland3.88%2.91%2.33%2.21%1.75%1.63%1.60%1.49%−0.12£542
Waltham ForestLondon3.88%2.91%2.33%2.21%1.75%1.63%1.60%1.48%−0.12£635
West LindseyEngland3.88%2.91%2.33%2.21%1.75%1.63%1.60%1.48%−0.12£268
Three RiversEngland3.88%2.91%2.33%2.21%1.75%1.63%1.60%1.48%−0.12£655
BromleyLondon3.88%2.91%2.33%2.21%1.75%1.63%1.60%1.48%−0.12£605
Mid SussexEngland3.87%2.90%2.32%2.21%1.74%1.63%1.60%1.48%−0.12£511
Kingston upon ThamesLondon3.87%2.90%2.32%2.21%1.74%1.63%1.60%1.48%−0.12£651
New ForestEngland3.87%2.90%2.32%2.20%1.74%1.62%1.60%1.48%−0.12£447
East Riding of YorkshireEngland3.86%2.90%2.32%2.20%1.74%1.62%1.59%1.48%−0.12£261
BrentwoodEngland3.86%2.90%2.32%2.20%1.74%1.62%1.59%1.48%−0.12£582
West LancashireEngland3.85%2.89%2.31%2.20%1.73%1.62%1.59%1.47%−0.12£289
RochfordEngland3.84%2.88%2.31%2.19%1.73%1.61%1.59%1.47%−0.12£467
HarrowLondon3.83%2.88%2.30%2.19%1.73%1.61%1.58%1.47%−0.12£638
South KestevenEngland3.82%2.86%2.29%2.18%1.72%1.60%1.57%1.46%−0.11£303
North East DerbyshireEngland3.82%2.86%2.29%2.17%1.72%1.60%1.57%1.46%−0.11£283
BuckinghamshireEngland3.80%2.85%2.28%2.17%1.71%1.60%1.57%1.45%−0.11£531
RushcliffeEngland3.79%2.84%2.27%2.16%1.70%1.59%1.56%1.45%−0.11£375
HartEngland3.78%2.83%2.27%2.15%1.70%1.59%1.56%1.45%−0.11£510
Staffordshire MoorlandsEngland3.78%2.83%2.27%2.15%1.70%1.59%1.56%1.44%−0.11£261
Mid DevonEngland3.75%2.82%2.25%2.14%1.69%1.58%1.55%1.44%−0.11£315
North YorkshireEngland3.75%2.81%2.25%2.14%1.69%1.58%1.55%1.43%−0.11£304
St AlbansEngland3.74%2.80%2.24%2.13%1.68%1.57%1.54%1.43%−0.11£695
South OxfordshireEngland3.71%2.78%2.23%2.12%1.67%1.56%1.53%1.42%−0.11£501
DorsetEngland3.71%2.78%2.23%2.11%1.67%1.56%1.53%1.42%−0.11£378
Surrey HeathEngland3.71%2.78%2.22%2.11%1.67%1.56%1.53%1.42%−0.11£543
Stratford-on-AvonEngland3.71%2.78%2.22%2.11%1.67%1.56%1.53%1.42%−0.11£411
Isle of AngleseyWales3.70%2.78%2.22%2.11%1.67%1.56%1.53%1.42%−0.11£256
CeredigionWales3.70%2.77%2.22%2.11%1.66%1.55%1.53%1.42%−0.11£260
PembrokeshireWales3.69%2.77%2.21%2.10%1.66%1.55%1.52%1.41%−0.11£249
WokinghamEngland3.67%2.76%2.20%2.09%1.65%1.54%1.52%1.41%−0.11£529
MonmouthshireWales3.67%2.75%2.20%2.09%1.65%1.54%1.51%1.40%−0.11£357
StroudEngland3.67%2.75%2.20%2.09%1.65%1.54%1.51%1.40%−0.11£374
East CambridgeshireEngland3.66%2.75%2.20%2.09%1.65%1.54%1.51%1.40%−0.11£373
ChichesterEngland3.66%2.75%2.20%2.09%1.65%1.54%1.51%1.40%−0.11£478
HillingdonLondon3.65%2.74%2.19%2.08%1.64%1.53%1.51%1.40%−0.11£563
BroadlandEngland3.63%2.73%2.18%2.07%1.64%1.53%1.50%1.39%−0.11£338
Ribble ValleyEngland3.63%2.72%2.18%2.07%1.63%1.52%1.50%1.39%−0.11£294
Epsom and EwellEngland3.62%2.71%2.17%2.06%1.63%1.52%1.49%1.38%−0.11£610
BaberghEngland3.57%2.68%2.14%2.04%1.61%1.50%1.47%1.37%−0.11£348
East HampshireEngland3.56%2.67%2.14%2.03%1.60%1.50%1.47%1.36%−0.11£454
East DevonEngland3.56%2.67%2.14%2.03%1.60%1.50%1.47%1.36%−0.11£347
MaldonEngland3.56%2.67%2.14%2.03%1.60%1.50%1.47%1.36%−0.11£411
HarboroughEngland3.56%2.67%2.13%2.03%1.60%1.49%1.47%1.36%−0.11£347
Forest of DeanEngland3.54%2.66%2.12%2.02%1.59%1.49%1.46%1.35%−0.11£297
MeltonEngland3.54%2.65%2.12%2.02%1.59%1.49%1.46%1.35%−0.11£287
East SuffolkEngland3.54%2.65%2.12%2.02%1.59%1.49%1.46%1.35%−0.11£302
ShropshireEngland3.51%2.63%2.11%2.00%1.58%1.47%1.45%1.34%−0.11£295
TorridgeEngland3.51%2.63%2.11%2.00%1.58%1.47%1.45%1.34%−0.11£284
North DevonEngland3.50%2.63%2.10%2.00%1.58%1.47%1.44%1.34%−0.11£304
BromsgroveEngland3.48%2.61%2.09%1.98%1.56%1.46%1.43%1.33%−0.10£355
North NorfolkEngland3.46%2.59%2.07%1.97%1.56%1.45%1.43%1.32%−0.10£311
WychavonEngland3.45%2.59%2.07%1.97%1.55%1.45%1.42%1.32%−0.10£342
RutlandEngland3.45%2.58%2.07%1.96%1.55%1.45%1.42%1.32%−0.10£346
West DevonEngland3.43%2.57%2.06%1.95%1.54%1.44%1.41%1.31%−0.10£302
ElmbridgeEngland3.43%2.57%2.06%1.95%1.54%1.44%1.41%1.31%−0.10£672
CotswoldEngland3.42%2.57%2.05%1.95%1.54%1.44%1.41%1.31%−0.10£449
South HamsEngland3.42%2.57%2.05%1.95%1.54%1.44%1.41%1.31%−0.10£363
Herefordshire, County ofEngland3.36%2.52%2.01%1.91%1.51%1.41%1.38%1.28%−0.10£292
Malvern HillsEngland3.35%2.51%2.01%1.91%1.51%1.41%1.38%1.28%−0.10£339
UttlesfordEngland3.33%2.49%2.00%1.90%1.50%1.40%1.37%1.27%−0.10£463
WaverleyEngland3.22%2.42%1.93%1.84%1.45%1.35%1.33%1.23%−0.10£522
Mole ValleyEngland3.20%2.40%1.92%1.83%1.44%1.35%1.32%1.23%−0.10£557
Derbyshire DalesEngland3.04%2.28%1.82%1.73%1.37%1.28%1.25%1.16%−0.09£292
PowysWales2.99%2.24%1.79%1.70%1.34%1.25%1.23%1.14%−0.09£224

Method and assumptions

Rents are the ONS Price Index of Private Rents average monthly rent per local authority (Jul 2026); prices are the HM Land Registry median price paid over Aug 2025–Jul 2026. Gross yield = rent × 12 ÷ median price (same method as rental yields in England & Wales). Net yield before tax = gross yield × 0.75 (an assumed 25% of rent for costs and voids, the same everywhere). After-tax yield = net yield × (1 − tax rate), at 20%, 40% or 45% now and 24%, 44% or 49% from 6 April 2027. Wales is shown at the same rates as England.

Limitations. These are illustrations for an area average, not a tax calculation. Mortgage interest is left out: landlords cannot deduct it from rental profit, and instead get a tax credit worth 20% of their finance costs. From April 2027 that credit is worked out at the property basic rate (HMRC technical note), so for landlords with a mortgage the real change can be different from this table. Real costs vary a lot by property, and the personal allowance, other income and the band a landlord's profit falls in are ignored. Scotland and Northern Ireland are not covered.

Questions and answers

When does the landlord tax rise start?

On 6 April 2027, the first day of the 2027 to 2028 tax year. Property income is then taxed at 24%, 44% and 49% instead of 20%, 40% and 45%.

How much does it change rental yields?

On our method, the after-tax yield falls by 3% of the gross yield in every band. For the median local authority (gross 4.36%) that is 0.13 percentage points: basic rate 2.61% to 2.48%, higher rate 1.96% to 1.83%, additional rate 1.80% to 1.67%.

Where is the after-tax yield highest?

Newcastle upon Tyne, with a gross yield of 7.07%: 2.97% after tax for a higher-rate landlord from April 2027 on our method. The lowest is Powys (1.25%).

Does this include mortgage interest?

No. Mortgage interest is not deducted; landlords get a tax credit on finance costs instead, which this table leaves out.

Can I download the data?

Yes. The CSV has all 316 local authorities with every column on this page.

Estimate, not an offer or a forecast. Gross yields are before costs, taxes, vacancies and financing, and rents and prices come from different sources and samples. Areas are averages: a specific property can differ a lot. Information only, not a recommendation.

Landlord tax rise 2027: rental yields in England & Wales · Estimated rental yields in England & Wales · Cheapest and most expensive places to rent · England & Wales house prices by district · Methodology

Source: ONS Price Index of Private Rents (OGL v3.0); HM Land Registry Price Paid Data (OGL v3.0). Data: ONS data released 21 Oct 2026 (checked 26 Oct 2026); HM Land Registry data released 28 Oct 2026 (checked 29 Oct 2026). Methodology · Sources & licences
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Modified by GableIndex (estimated gross yield).