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’ve just heard from my solicitor that he has the funds in from Interbay, had paid off our mortgage and is sending the balance on to me, which means that finally this is all over and  I can move on.  Thank you all so much for your help in arranging the mortgage, I am sure that my future plans will involve needing to arrange finance, and I will happily come back to you again.

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