Do I have to pay tax on income from rented property?

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The income from my rented property is less than the mortgage I am paying on that property. Do I have to pay tax on the rental income?
UK laws please.

2007-08-08 09:39:14 · 1 answers · asked by becky 2 in Business & Finance ➔ Taxes ➔ United Kingdom

You won't have to pay tax on it, but you will have to declare it. Get an accountant to sort your finances out.

2007-08-08 09:50:06 · answer #1 · answered by Philip W 7 · 0⤊ 0⤋