How much Tax will i pay on rental income?
Hi, I am currently buying a small house with a mind to rent out and sell in 4/5 years. The mortgage value will be about £550-£600 a month, but i am only expecting to get £500 rent, less 10% agents fees. I am making up the rest as it is an investment.
How do I go about paying tax on this, and how much will I have pay?