I'm about to become a landlord (I have taken out a LtB mortgage on the house I currently live in, to be able to move home). I am likely to make some profit from the rent - not much, but perhaps £1000/year. I get tax credits, and that amount of extra income will reduce my TCs but not stop me qualifying, afaik.
I already do a self-assessment tax return. Other than declaring the rental income, is there anything else I should do? Being a landlord will take a bit of time.. should I count and declare the hours too?
Thanks in advance for any advice. :)
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Becoming a landlord and Tax Credits
4 replies
flow4 · 27/07/2013 10:01
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