61% of Landlord’s gross rental income is £20,000 or less
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The English Private Landlord Survey, click here, profile of landlords shows the average gross rental income for all landlords is only £15,000 and that 61% have a gross rental income of £20,000 or less.
By the time you factor in ever increasing costs and taxation it should be obvious that being a landlord is not some get rich quick scheme full of ‘Fat Cats’.
The post 61% of Landlord’s gross rental income is £20,000 or less appeared first on Property118.
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Question on tax when extracting money from a company
So, our property company pays corporation at at 19%.
If we then declare a dividends, due to being a higher rate tax-payers we pay another 32.5% tax personally, and the company receives no tax credit for that. That’s a net effective tax rate of 51.5% –
The post Question on tax when extracting money from a company appeared first on Property118.
View Full Article: Question on tax when extracting money from a company
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