How to report rental income and pay tax on it
Attention begins.
Note
Avoid back taxes – request and pay an additional prepayment for 2024. See the instructions.
Attention ends
Do you receive rental income? Do you rent out a home, a motor vehicle, other personal property? All rental income and expenses of renting must be reported. You must do so although it might be that your rental income has been low, and after deductible expenses you have little or no income subject to tax.
Report 2024 rental income on your tax return in spring
You receive a pre-completed tax return in spring 2025. It is important to check all the pre-filled amounts and data on it.
- If after checking the tax return, you are satisfied that both income and expenses are pre-filled as they should be, you do not need to provide any further comment.
- However, if no information on your 2024 rental income is included or if corrections must be made, please give full details and updated rental income and expenses to the Tax Administration.
This section is for the rental income you have received for offering e.g. the following types of assets for rent:
- apartment(s) in a housing company
- real estate property
- timeshares related to vacation homes
- cars, caravans, boats
- machinery or equipment
It is necessary to report the details on your rental operations although it might be that your rental income has been low, and after the related deductible expenses, you have little or no income subject to tax. The related expenses can also be claimed here. See a list of expenses that can be deducted from rental income.
If you own only a certain part of the rental property, you should report income reflecting the size of the part that you own. Fill in your part of the rental income, and only your share of the deductible expenses related to the rental operation.
If you have previously informed the Tax Administration of your rental income when requesting a tax card or when completing another tax return or if you have paid rental-related prepayments, there may be a pre-filled amount on your tax return. Check all the entries, and if anything is missing, make corrections as appropriate.
Note: Any rental income you have had from a source outside of Finland must be reported under the Foreign income section. Information on any rental income relating to an agricultural farm must be reported on the tax return for agriculture. This income includes the rental income you may receive from renting out a field.
Did you use a platform, an app, a website to rent out property to guests and tenants? The Tax Administration receives information concerning the income paid to you through digital platforms both in Finland and abroad. The Tax Administration requires that you report all this income, and we monitor data streams to check for discrepancies. Remember to fill in the tax return giving details on your income and related expenses, because these may be missing from the pre-completed tax return.
How to file in MyTax
The Pre-completed income and deductions stage contains the information made available to the Tax Administration on your rental income. If you make corrections, select the link for the rented-out property. Edit the necessary details.
If only some of the rental income is shown, add the missing income by clicking the Add new rental income button.
If no rental income is pre-completed, got to the Other income stage. Select Yes in the Rental income section and click the Add new rental income link.
- Select the type of property and assets you have rented out.
- Enter more detailed information on an apartment, for example. Note that you can only report the details of one apartment at a time.
- Report all the tenants who have rented this property during the year.
- Enter the rental income and expenses of this particular property in their respective fields.
- Click OK.
If you have received rental income from other sources as well, click Add new rental income again.
If you make depreciations on the acquisition costs for buildings, furniture, appliances and other movable property, report the information in the Calculation of depreciation section, which is visible in MyTax only in case your rental property is real estate or other rental property. Read more about depreciation expenses
Further information
How to file on paper
Select a correct form:
How to report the ongoing year’s rental income in 2025
There are two alternative ways to report rental income and pay tax on it in advance, before the year has ended:
- One option is to ask for a revised tax card, on which the Tax Administration will adjust your withholding rate by reference to your estimated rental income and expenses. For most property owners, this means that you pay tax on the rental income when your employer withholds a higher amount of money from your wages every month.
- The other option is to ask for a calculation of income-tax prepayment. You will then have to pay the amounts according to the Tax Administration’s calculation. In general, this means that you pay advance income tax in 2 to 12 instalments during the ongoing year. If you choose this option, the Tax Administration will send you invoices and instructions for payment.
If you choose neither one of the two options, you will have to report the income when the year when you received it is over, filling in your pre-completed tax return. Then you’ll need to pay the capital-income taxes based on rental income afterwards, in the form of a back tax.
Instructions for getting a tax card and for requesting a prepayment calculation
You can log in to MyTax at any time to enter information on the rental income you get during 2025. In spring 2026, the IT system will retrieve the amounts and transfer them to your pre-completed tax return.
Check all the entries, and if anything is missing, complete the form as appropriate
After you have given details on your rental income, the Tax Administration will automatically include them in your upcoming tax card or prepayments that go into effect next year, and the IT system will also retrieve the amounts and data and transfer them to your pre-completed tax return.
Please perform a thorough check of the amounts and information stated on your tax card and on the pre-completed return. If all the amounts and information concerning your rentals are as they should be, you do not need to do anything.
Keep good records and store the receipts
Please store the documents and receipts concerning your rental activities and only send them to the Tax Administration if you are requested to do so. No receipts should be paperclipped to the back of a tax form that you are submitting. In general, do not send a receipt unless the Tax Administration has asked for the receipt.
Keep good records of your rentals including all the facts and documents required for tax purposes. The required period of storage is 6 years. The start date of the 6-year period is the date when the tax year ends.
Other useful articles to read on vero.fi
- Death estate – Income taxes for rental income
- Receipts of rental income in a real-estate consortium (in Finnish and Swedish)
- Rental income in agricultural activities (in Finnish and Swedish)