Declaring new income source

Hi, This year, for the first time, my wife and I both share the rental profit from a newly rented out property. This will be no more than £2500 to £3000 p.a. each for the foreseeable years. Currently we are both PAYE mainly from our pensions, (i.e. not self-assessed). We will need to declare this new income stream by the end of this financial year in some way to HMRC. Please can you tell us how / in what manner we do this? Thank you.

Hi Cullingworth,
You will now need to declare this on a self assessment tax return - Self Assessment tax returns.
Thank you.