Hello!
I want to buy flat for renting it (buy-to-let) and I understood that the tax from the renting income will be my marginal rate of tax.
I am a contractor and I work through my own limited company (I am the director). My monthly salary is £1000 and I also receive dividends of £4000 monthly.
So if I rent the flat for £1000 - how much (roughly) tax will I pay?
If I change my monthly salary to just 0, and add £1000 to the dividends, will this change the picture?
Thanks in advance.
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