simon roberts

Registered with Property118.com
Friday 28th April 2017


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Total Number of Property118 Comments: 1

simon roberts

12:06 PM, 30th April 2017
About 4 years ago

Back to Back Letting for personal use tax question?

My circumstance is i earn at the top rate of tax. I own a property that is now too small (additional child) and plan was to rent our place and rent another with an extra bedroom. The problem however is i would pay 40% on my rental income that i planned to pay most of the new rent. I am sure there are ideas to work around this. Perhaps get my tenant to pay my landlord directly or using a company to net out the rental. I imagine 100s thousands are doing something as in london especially renting out existing and then renting a new property is more often the norm. Maybe i am the only one thinking about the tax question.... Read More