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Landlord tax question
Comments
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Gemandcraig wrote: »What are voids?
TBH, if you don't know what a void is then your research into property investing is woefully inadequate, you either need to do a lot more (reading G_M's links in full is a good start) or look at other investment options.
A void is a period when the property is unoccupied so that you have no rental income for that time (you'll also be responsible for bills such as council tax and utility costs during the void).0 -
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in your case almost certainly not:So buying wrecks doing up and selling is better - even though the current market is rather slow?
- you don't know the first thing about property
- you have no contacts in the building trade
- you have never owned property before so have no idea how to appraise it
- the marketplace is full of professional property developers who will run rings round you
- funding is done very differently
- tax is income tax because you would be a self employed trader0
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