Hi,
On recently completing my self assessment I noticed that my personal allowance offset some of the net income I received from my rental property.
As a basic rate tax payer does this mean that if I pay myself for example £5000 pa salary and received £5000 net rental income I would not pay any tax?
Regards,
Paul
On recently completing my self assessment I noticed that my personal allowance offset some of the net income I received from my rental property.
As a basic rate tax payer does this mean that if I pay myself for example £5000 pa salary and received £5000 net rental income I would not pay any tax?
Regards,
Paul
Comment