Rental income tax

Gam2015

Hi, will the new tax on rental income affect me, currently earn around 28k per annum and recieve 4800 per annum in rent on a buy to let, will the new tax changes for mortgage interest allowance affect me as a basic 20% tax payer. Thanks

booksurr

no

I take it you cannot read since it very clearly affects only those on higher or additional rate income tax?

[Deleted User]

booksurr wrote: »

no

I take it you cannot read since it very clearly affects only those on higher or additional rate income tax?

With respect, that is harsh treatment of a relatively new contributor.

Innys1

[Deleted User] wrote:

With respect, that is harsh treatment of a relatively new contributor.

Booksurr has answered this question many times previously so I'm not surprised their patience is wearing a little thin.

More to the point, if the OP could not read, why would they be able to understand booksurr's post?

Cook_County

The changes might affect the OP as they are a reduction in tax; so might affect child benefit and other benefits if the OP has a partner.

booksurr

Cook_County wrote: »

The changes might affect the OP as they are a reduction in tax; so might affect child benefit and other benefits if the OP has a partner.

no, still no affect on OP

if OP's partner's total taxable income is >£50K it would indeed affect them ONLY