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2% increase in rental income tax. Will you be passing it on to your tenant??
RReeves
Posts: 2 Newbie
Ref the new 2% increase in tax on rental income. Assume this will just be passed onto the tenant via a rent increase??....Landlords, will you??
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It's only 2% on the profit, not the income.RReeves said:Ref the new 2% increase in tax on rental income. Assume this will just be passed onto the tenant via a rent increase??....Landlords, will you??
And the finance cost tax reducer will reflect the new basic rate for rental profits. Which will help some people.0 -
When interest rates dropped (see....RReeves said:Ref the new 2% increase in tax on rental income. Assume this will just be passed onto the tenant via a rent increase??....Landlords, will you??
https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp
- did you reduce rents you were charging???? I didn't..
I had the privilege of paying a (for then) large mortgage under Thatcher's iron rule when (1979) it Bo|E| rates went from 10% to 17% in less than a year. 'twas "interesting"..1 -
Tax rates do not set the market rates for rents."Real knowledge is to know the extent of one's ignorance" - Confucius1
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Love the user name.... RReeves0
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