Buy to Let...the tax implications
tax implications
Tax will be charged on income received from rental properties after allowable expenses are deducted. However, you are eligible for tax relief on the following:

:.  The mortgage interest payment
:.  Rental insurance
:.  Any property maintenance
:.  Letting agents fees
:.  10% of annual rental income to cover depreciation in the
    value of furnishings
:.  Professional fees incurred after the purchase of the property

i > For more information on tax implications of renting out property, you can contact your local tax office for a copy of the Inland Revenue Property Income Manuel (PIM), or click here >