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private sector leasing
buo5
Posts: 3 Newbie
As i have little or no pension, I am looking to buy property which I can rent out. I have recently heard of private sector leasing, has anyone any experience of this? also what tax would i pay on the rental, would it be 20 0r 40 percent.
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Comments
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As i have little or no pension, I am looking to buy property which I can rent out. I have recently heard of private sector leasing, has anyone any experience of this? also what tax would i pay on the rental, would it be 20 0r 40 percent.
That would depend on your overall income, minimum 20%.
Before you go into it though do a LOT of reading, it's not as easy as some would make out.0 -
I've heard of it. I thought "buyer beware". It seems to have originated mostly from one man who dragged the idea from the US/AUS and over to us .... and he does free seminars.
A free seminar in property leasing = an opportunity for them to sell you "special insider membership" packages. This smacks of a lot of what was wrong pre 2007.
Read, read, read, go to a seminar (without your cheque book).... then read again.0
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