Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
About 6 days ago 39
I manage my late husband’s portfolio of 8 properties. At the moment I have no other income as I’m so busy with these, but may in the future get a part time job. I have 3 children – 2 at university, 1 school.
Am trying to find legitimate ways of reducing my income tax with s24. I’ve been reading about setting up a management company at a fee of 15%.
Is this a good idea? How would I do this? Who would do it? Is it costly?
If it’s a goer, please could someone explain to me really simply how it would work and how I would save tax please.
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