We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Landlord rental income invest on ISA
mailsmsi
Posts: 96 Forumite
If landlord invest rental income on ISA ,is this tax free.
Also if tenancy started this month ,when they need to register.
For both landlord need to pay tax or the person who is in contract?
Also if tenancy started this month ,when they need to register.
For both landlord need to pay tax or the person who is in contract?
0
Comments
-
Good idea to get an accountant.0
-
A landlord receives income (rent) and must declare this for tax.If landlord invest rental income on ISA ,is this tax free.
A landlord can do what he wants with the rent he receives.
Money in an ISA is tax free (but must not be more than the annual limits for ISAs)
Also if tenancy started this month ,when they need to register.
Which country? In England, a tenancy does not need to be registered.
But any deposit taken must be registered within 30 days.
In Scotland, a landlord must be registered - before the tenancy starts.
For both landlord need to pay tax or the person who is in contract?
Which country?
Are you a landlord?
If England and a landlord, you need to learn A LOT MORE. Read:
* New landlords: advice, information & links0 -
Many thanks for the reply.
Landlord in England.
Any more suggestion?0 -
You can invest the income in anything you like (gold bars, ISA, shares..) but the rental income will have to be declared and taxed first:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.1K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards