M
molls
Guest
I am in the process of buying a house which is twenty mins from where I live now.Originally I was going to live there and rent a room but for various reasons I am now thinking of renting out the whole house and staying where I am now.
I'd really appreciate some info regarding the tax situation if I do this - will I automatically lose my mortgage interest relief and stamp duty? how much could I earn in rent befor I have to pay tax?
I'd really appreciate some info regarding the tax situation if I do this - will I automatically lose my mortgage interest relief and stamp duty? how much could I earn in rent befor I have to pay tax?