Income tax is usually payable on any profits made from rental properties, but the amount of tax can be reduced depending on a number of factors, such as whether it is let furnished or unfurnished, or whether there is a mortgage on the property.
Buying a Property
If you are thinking of buying a property, it can make a difference whether you purchase it privately, through a pension fund or through a limited company. There are a number of different taxes, such as Stamp Duty, Capital Gains Tax (on any eventual sale) and Inheritance Tax, which need to be considered carefully. We will be able to advise you on the best structure.