geri said:Hi all,
Thanks everyone. I am just about to send in my registration. Have been renting out the house since last august. I'm not a property investor. Do you think I'll be penalised??
Thanks again,
Geri.
Yes - if you are deriving rental income from a property (other than under the rent a room scheme) then you are a property investor and the usual tax and other rules apply.geri said:Are you really a property investor if you're not making a profit and plan to move into the house yourself?