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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I just wanted you to know that the experience with Charelston has been utterly professional and competent in every aspect of this transaction. The solicitor I instructed was not good at all and I would have walked away from this deal a long time ago had Andrew not consistently calmed me down and gone the extra mile to find solutions to any stumbling blocks that came up. I have been particularly impressed by his balance of never pestering but always remaining attentive and responsive when required. I was a director of a FTSE financial services firm for 12 year so know about the importance of customer service and the thing I notice most in the industry is how rare decent service actually is. Well done to you on employing, training and motivating staff of Andrew’s calibre, I would certainly use you again in the future.

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