Jurisdiction(s):
United Kingdom

Key definition

Rent definition

What does Rent mean? Rent is the monetary consideration a tenant pays to a landlord for the right to occupy premises under a lease. In UK and Irish practice, rent must be certain or objectively ascertainable from the lease throughout the term, typically by stating an annual sum and (if applicable) a review formula (open market rent review, index‑linking or fixed uplifts). Commercial rent is commonly payable in advance by equal instalments on the specified rent payment dates. English quarter days (25 March, 24 June, 29 September, 25 December) remain widely used in England & Wales and Northern Ireland; Scotland traditionally uses Scottish term days...

UK private client income tax: optimising personal, savings, dividend, trading and property allowances; using basic rate bands; family planning, joint assets, and settlements/IR35 anti-avoidance; year-end actions

Published by a LexisNexis Private Client expert

Practice notes

For income tax rates and allowances relevant to the current tax year, refer to Practice Note: Key UK tax rates, thresholds and allowances for Private Client. For differences in the income tax rates and allowances for individuals in Scotland and Wales, and for links to additional material, see Practice Note: Tax—devolution tracker.

Why this is important

Personal allowance

As a general rule, the personal allowance cannot be transferred to another person or carried into a future tax year, although in limited cases part of certain allowances can be shifted to a spoUse or civil partner (see below). If an individual does not have sufficient taxable income to absorb the allowance in that tax year, the benefit for that year is lost.

The personal allowance is also removed or reduced in the following circumstance:

Where the taxpayer elects to use the remittance basis, they forfeit any UK personal allowance, blind person’s allowance, or married couple’s allowance for that tax year. Note that the remittance basis is expected to be abolished from 6 April 2025.

For more information, see Practice Notes: The meaning of remittance and eligibility for the remittance basis [Archived] and The...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 22/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...