This topic contains 1 reply, has 2 voices, and was last updated by Mrs Turner 2 years ago.
Do you pay tax on the income as a whole or just on an y profit you may make?
I think you only pay tax on any profit you make. So if the rent only covers the mortgage you won’t pay, but if you had no mortgage the rent would be classed as income and you’d pay tax on it
You must be logged in to reply to this topic.
Subscribe for free and receive our newsletter and you’ll automatically
be entered into our competitions every month.
Your details are secure and we don’t pass on your information to any 3rd party.