Question to the HM Treasury:
To ask Her Majesty's Government what proportion of income tax receipts is accounted for by income tax on property income.
The information on income tax is not readily available, however, information published by HMRC about taxable incomes is as follows.
The 2018-19 Survey of Personal Incomes provides an estimate for income from property in Table 3.7 and total income estimates are provided in Table 3.3. Income from property was estimated at £21.5 billion in 2018-19 and total income across all income types was estimated at £1,120 billion. Income from property therefore represents around 2 per cent of total income.