Hi,
I am in full time employment with salary of £35,200. I am about to start buy to let. I just wonder do I have to pay 40% tax on profit of rental income as part of my income will be charged at 40% according to new tax bracket of 2013-2014 according to following link
http://www.hmrc.gov.uk/rates/it.htm
I would appreciate any help with this. Thank you so much.
I am in full time employment with salary of £35,200. I am about to start buy to let. I just wonder do I have to pay 40% tax on profit of rental income as part of my income will be charged at 40% according to new tax bracket of 2013-2014 according to following link
http://www.hmrc.gov.uk/rates/it.htm
I would appreciate any help with this. Thank you so much.