What Tax Do I Pay on Rental Income?

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What do you need to do as far as tax is concerned when you rent out a house? Find out how to let HMRC know, what records to keep and how you get tax relief on expenses. Note that losses can only be set off against orger rental income, not other types of income.

Welcome to Basic Financials! My aim is to teach the world about the basics of finance. As something that is not taught well enough at school, my aim is to educate people into financial literacy, and hopefully save you some money along the way! If you have any questions or video suggestions, put them in the comments section below and I will do my best to get back to you! #basicfinancials #finance #money

Видео What Tax Do I Pay on Rental Income? канала Basic Financials