Bank Base Rate unanimously held at 0.75%
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The Bank of England Monetary Policy Committee unanimously voted at this months meeting to hold the Bank Base Rate at the current 0.75% level. If anything the pressure on the rate was negative rather than any risk of it increasing especially with softer oil prices.
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Tax Return ye2018 checking Finance costs?
I’m very confused with Section 24 Tenant tax. Please can someone clarify the simple profit calculation for a Buy To Let for YE2018
Rents received £30,000
Repairs & renewals £10,000
Mortgage Interest £10,000
So to the Layman the Profit is therefore £10,000 meaning tax at 20% i.e.
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