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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Many thanks for all your help in getting both mortgages over the line. I really appreciate your concerted efforts to solve all the problems that arose & apologise for my frantic mails and calls to you both. Rest assured I will certainly come back to Charleston again and feel free to have anyone refer to me in respect to explaining my experience in dealing with you all

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