Offsetting rent against rental income
2 posts • Page 1 of 1
by mick.honnor@ntlworld on Sun Sep 05, 2004 5:05 am
I have a one year research contract at a university, 350 miles away, and plan to rent our house out and rent for a year. My question is can I offset my rent against the rental income or do I have to pay tax on the full rental income from our house.
- mick.honnor@ntlworld
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by Simon Sweetman on Mon Sep 06, 2004 9:15 am
No. What you can set against your rental income are the costs of maintaining the property you are renting out, including mortgage interest.
simon.sweetman@btinternet.com
simon.sweetman@btinternet.com
- Simon Sweetman
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2 posts • Page 1 of 1
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