Tax on Property Income
- Tax on Property Income
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The idea of earning an income from property investment has grown in popularity over the years. But creating and managing a profitable property portfolio is not that simple and requires much financial forethought and planning before venturing into it. There are many different ways to establish a property portfolio. Important details to consider are what you have available to invest, what you wish to achieve, what level of risk you are willing to take and how you want to create your portfolio. It also depends on whether you plan to buy to let or purchase properties to enhance, add value and then sell on for a profit. However, if you are going to establish your property portfolio by going down the buy to let route and become a landlord, you need to be aware of all the tax implications and plan for property income tax beforehand.
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