We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!
Rental income
Comments
-
As this is for the current year the loan interest won't all be claimable as an expense, only 75% of it.
The remaining 25% will get a different tax relief which may or may not have the same effect overall but impossible to say without knowing the op's other income0 -
£19888 from salary.99.9% of my posts include sarcasm!Touch my bum :money:Tesco - £1000 , Carpet - £20, Barclaycard - £50, HSBC - £50 + Car - £1700SAVED =£0Debts - £28500
-
? the OP's question is about how to calculate his taxable net profit from his rental business, and he can work that out using the HMRC course linked to in #9So?
his parents are not involved in the business, and so what he pays them for his own board and lodging is utterly irrelevant, so why did you mention it on this thread?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards