How much tax will i pay on my rental property?

Wednesday, August 11th, 2010

TaxFix

You can deduct any expenses relating to your property from the rental income that you receive to calculate your profit.

Your profit will be added to your other income and you will be taxed at your income rate:

£0-£37,400= 20%
£37,401-£150,000 = 40%
Over £150,000 = 50%