world201812
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Couple earn €100,000 pre tax.
Have mortgage of €500 per month. They rent out the property they own for €2,500, and then rent another property for €2,000, to live in.
How are they taxed? How does it work?
How much of €2,500 of rental income do they get into the hand? 50%? So actual cost of renting out other property is €800?
Have mortgage of €500 per month. They rent out the property they own for €2,500, and then rent another property for €2,000, to live in.
How are they taxed? How does it work?
How much of €2,500 of rental income do they get into the hand? 50%? So actual cost of renting out other property is €800?