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Question Title: Tax on Letting Income
| Question: 6 |
| Do I have to pay tax on my letting income ?
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| Answer: |
| Rental income is taxable, and you would normally be taxed on this income at the basic rate . However, you eligibility to pay tax will depend on your personal financial circumstances (individuals can receive relief on the first portion of any income). Higher earners may be taxed at a higher rate depending on annual income.
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References:
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Pages:
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Hyperlinks:
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Letting Handbook |
Chapter 14 |
letting-handbook-and-factsheets.html
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For more information, discuss on the Forum
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