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--ToM--

Member

Registered: 23rd Nov 07
Location: Wirral
User status: Offline

18th Aug 15 at 18:24

Don't forget the tax you'll pay on the rental income, and estate agent fees.

Cavey

Member

Registered: 11th Nov 02
Location: Derby
User status: Offline

18th Aug 15 at 18:41

quote:
Originally posted by Ben G
19k a year? £700x12 = £8400? Unless you're talking resale? On a house purchase that *little* I would be very inclined to keep and rent it.

Looks like a lovely little starter home for a young couple. Hopefully not a chav couple though!

[Edited on 18-08-2015 by Ben G]

Yeah, was saying he's essentially earnt 19k a year, although it's probably around 12 or something with expenditure. Nice little profit. Or as you say, about 12% yield if renting

Ben G

Member

Registered: 12th Jan 07
Location: Essex
User status: Offline

18th Aug 15 at 18:59

quote:
Originally posted by --ToM--
Don't forget the tax you'll pay on the rental income, and estate agent fees.

Won't be long until we pay tax on tax on tax

can't get away from the bloody thing.

Marc

Member

Registered: 11th Aug 02
Location: York
User status: Offline

18th Aug 15 at 19:04

quote:
Originally posted by Ben G
Looks like a lovely little starter home for a young couple. Hopefully not a chav couple though!

Thats what the estate agent said.

--ToM--

Member

Registered: 23rd Nov 07
Location: Wirral
User status: Offline

18th Aug 15 at 19:15

quote:
Originally posted by Ben G

quote:
Originally posted by --ToM--
Don't forget the tax you'll pay on the rental income, and estate agent fees.

Won't be long until we pay tax on tax on tax can't get away from the bloody thing.

Tell me about it, pretty much are paying tax on tax with most things these days haha

VegasPhil

Premium Member