As a first-time landlord, how much income tax will I realistically pay on my rental profits of £15,000 if I'm already a basic rate taxpayer, and what allowable expenses can I claim?
Quick Answer
As a basic rate taxpayer, income tax on £15,000 rental profit depends on allowable expenses like agent fees, repairs, and insurance, reducing your taxable income.
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First-time UK landlord? Learn how income tax on rental profits works for basic rate taxpayers and discover what allowable expenses you can claim to reduce your bill.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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