Are my Buy To Let profits taxable?

Yes. Any rental income needs to be reported to HM Revenue and Customs. You may have to pay tax on profit from renting property after deducting allowable expenses. Allowable expenses can include: maintenance and property repair costs, mortgage interest, and council tax. We highly recommend working with tax specialists as tax laws can change.

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Thanks again for arranging my commercial mortgage, if it was not for you the whole project would have come to a halt as no other broker or lender was interested. I know where to come next time.

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