BTL income: What you have to tell the taxman and how to reduce your bill

Becoming a buy-to-let landlord has been known to reap a decent return above interest rates or savings accounts, but it can also add to your tax bill. If you can find a property in a decent location with good tenants then then you should be able to build up a good income from rent.

But the taxman will want to know about any returns you are making. If you don’t declare your income properly, you could be fined.

http://www.thisismoney.co.uk/money/guides/article-2687432/Buy-let-What-tell-taxman-reduce-bill.html#ixzz37imieXaf

 

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