2007-01-02 22:45:06 · 4 answers · asked by NORMAN E 1 in Business & Finance ➔ Other - Business & Finance
Most buy to let is done through a limited company. If rent is paid directly to a person then it is taxable as income. If the person has a job and is already paying tax, then chances are that the rent will be liable for 40% tax as income.
If the rent goes through a limited company, then it is taxed differently. In fact, if the rent goes directly to paying off the company loan (mortgage on the property), then it won't attract any tax at all.
Cheers.
2007-01-02 22:57:11 · answer #1 · answered by chopchubes 4 · 0⤊ 0⤋
Yes, definitely
2007-01-03 00:09:35 · answer #2 · answered by anguspirate 1 · 0⤊ 0⤋
yes
2007-01-02 22:53:08 · answer #3 · answered by AMG83 2 · 0⤊ 0⤋
Why not? It's done all the time.
2007-01-02 22:51:13 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋