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Recent content by AddSum
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New budget and BLT
No its not 20% of the interest deducted from the income Your rental income will currently be reduced by the mortgage interest (not the capital part of the repayments) and also the expenses. You then pay personal tax on the profit if there is any. The profit is added to your other income and you...- AddSum
- Post #4
- Forum: Accounting / Legal
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New budget and BLT
My review suggests that the change in rules for interest will not effect companies becuase there is no higher rate of tax. The corp tax is 20% the same as basic rate. But you do need to watch out for the wear and tear allowance as those rules are also changing For personal buy to let the...- AddSum
- Post #2
- Forum: Accounting / Legal
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Hello Forum
Just wanted to say Hi to the forum :wave:. Hopeful that I will make a positive contribution in the future to this Jobs & Career forum.- AddSum
- Thread
- Replies: 3
- Forum: Welcome / FAQs
