My husband gets a pension about 25K a year, we live on a farm and receive a rural payment of about 4.5K each year. We let a few stables to livery clients. We also let rooms in three of the houses we own as a partnership, we have not paid any tax for the last three years due to high expenses on the business. Any profits from the letting business is normally set off against the high losses on the farm as a partnership. I do not have current figures as the accounts have not been done for y/e 2012 or y/e 2013.
Neither of us work for an employer currently.
Farm estimated at 700 with 180 mortgage
Letting property 1 worth 425 with 230 mortgage
Letting property 2 worth 225 with 110 mortgage
Letting property 3 worth 65 with 73 mortgage on
Debts. we both have a loan at 11K each
Our credit cards are approx £30K each