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!
Guaranteed Rent schemes and Tax Return
Trekkie85
Posts: 1 Newbie
in Cutting tax
Hi everyone. I'll be submitting my self assessment 24/25 tax return before the 31st Jan.
I rent a property and used an agent who provided a 'guaranteed rent'.
The tenant pays the agent 900 and the agent pays me 720 (essentially paying them £180 per calendar month). Is this tax deductible given I don't pay anything directly to agent?
I rent a property and used an agent who provided a 'guaranteed rent'.
The tenant pays the agent 900 and the agent pays me 720 (essentially paying them £180 per calendar month). Is this tax deductible given I don't pay anything directly to agent?
0
Comments
-
It doesn't matter how you mechanically work the payments, the end result is the same whether you treat it as £900 income, £180 expense or as £720 income.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.8K Mortgages, Homes & Bills
- 179K Life & Family
- 263.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards