What everybody ought to know about rental income in the UK
Rental income in the UK is earned by landlords that receive income from tenants of their rental properties or land. This income is taxable and the rate of tax paid is determined by the other income earned in the tax year by the landlord. How rental income is taxed in the UK The rent received […]
Would you like to reduce tax on your rental income?
Earning rental income is one of the common ways that taxpayers in the UK make additional income. However, this income from rental properties is a taxable income in the UK. The tax rate applies varies, it could either be 20%,40%, or 45%. The reason for the application of different tax rates is because when computing […]
What Kind of Taxpayer Am I and How Can I Save Money on Rental Tax?
This is a very common question in the world of rental tax. In this blog I will be exploring the topic of rental tax and how it affects you. How tax is calculated on rental income? The income from rental properties is taxable in the UK. The tax paid on the rental income is […]
What Landlord Ought To Know About Rental income in UK.
Landlords receive rental income from renting out properties in the UK. The landlord has to pay income tax on the profit from the rental income. This affects both residents and non-residents of the UK. What to do if you start receiving Rental Income from a UK property? The first step is to disclose this to […]