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Tax on rented property
1010
Posts: 24 Forumite
in Cutting tax
Hi, this might be in the wrong forum (apologies if so).
Can anyone offer me some advice on rental properties. We are looking to buy a property and rent it out. What are the tax implications and what tax would we need to pay ?
Thanks
Can anyone offer me some advice on rental properties. We are looking to buy a property and rent it out. What are the tax implications and what tax would we need to pay ?
Thanks
0
Comments
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blimey you haven't looked very hard if you are asking such a wide rangeing question, start with the basics on direct gov
http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/index.htm
income tax: renting residential property and tax in rental income - overview
CGT - tax on selling property0
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