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What would you do? - Stuck!
Comments
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I guess you are not a landlord or an accountant, clearly that mortgage figure is the repayment figure, the interest will be at the most £100 on a £50K remaining debt per month so unfortunately there is chunk of tax they should be paying.AdrianC said:
So that leaves £110/mo before any other expenditure, before any allowance for voids or bad debts...ChilliBob said:
...rented successfully without break for 5 years, getting around 950 pcm. (Mortgage is 750 per month, service charge 90
On a £215k property. Just under half of one percent yield.
At least there won't be much tax payable...If we do have to rent obviously this will be for a few months
And the rest! Minimum 6mo AST, 12 more likely. Then if you want to issue s21, that's still currently another six months.0 -
My partner is paying the tax she needs to, she's been advised here and completes her return online
I don't get into this with her but it's all good.
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