I get rent of 1200 a month which I pay 800 for the mortgage, so 400 profit a month , 4,800 a year profit,
how do I calculate tax I have to pay, Do I pay 41% on profit which is the tax bracket I am on. I know I can deduct insurance which is 500E a year and 12.5 % for wear and tear, have looked at revenue site but not straight forward to follow. When is tax to be paid thanks,
how do I calculate tax I have to pay, Do I pay 41% on profit which is the tax bracket I am on. I know I can deduct insurance which is 500E a year and 12.5 % for wear and tear, have looked at revenue site but not straight forward to follow. When is tax to be paid thanks,