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Holiday Let income advice please
Size66
Posts: 56 Forumite
Hi i have a bought and paid for ( no mortgage ) holiday home that im thinking about letting our for short periods ( 1 - 2 week vacations ) and dont know the best way to do this.... eg via a limited company that i could set up? are there tax allowances against profits eg estate agent management fees ? ongoing up keep and decoration costs ? any comments appreciated ....ive researched the market and it seems that the area is pretty much an all year destination with weekly rents averaging about £500 for a 3 bed semi
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Comments
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Hi i have a bought and paid for ( no mortgage ) holiday home that im thinking about letting our for short periods ( 1 - 2 week vacations ) and dont know the best way to do this.... eg via a limited company that i could set up? are there tax allowances against profits eg estate agent management fees ? ongoing up keep and decoration costs ? any comments appreciated ....ive researched the market and it seems that the area is pretty much an all year destination with weekly rents averaging about £500 for a 3 bed semi
Where did you buy it Uk or ??What happens if you push this button?0 -
yes both me and the property are UK based0
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