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I receive £500 per month on the rental, wot roughly would I have to pay in tax.
You mentioned there could be a £ 100 fine,I must admit I have been meaning to pay my due tax,and have no excuses.wot do you think I could say to hmrc to try and waiver any fine I may incur
I am employed and earn around £27000 a year , before tax,and im earning £500 off my rental that I own with no mortgage, wot rate of tax would I have to pay , Thankyou
So basically out of £500 a month rent I would have to roughly pay £100 tax as I own the property with no mortgage?