Is it worth it letting now
Greenleave · 25/06/2017 15:46
We sold a very old small house which we couldnt maintain and was letting and plan to buy a small flat, easy to maintain and to let. I spoke to my friend yesterday and she said the new tax rule is in process of not allowing landlord to deduct the mortgage interest as a cost and also 10% annual tear and wear allowance. The previous year we were being able to do it. Anyone is currently a landlord and/or plan to do so? It might not worth it to pay extra 3% stamp duty for buy to let and high tax rate for the rent income while not being able to deduct these two basic costs.
Achoopichu · 25/06/2017 15:50
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