I'm an accidental landlord. House has been rented out pretty steadily since i left it 10 years ago. I've been very lucky with tenants, we've a lovely tenant the past 3.5 yrs getting HAP.
So just after doing tax return and looking at paying revenue over 2k. I'm wondering if i'm throwing money away year after year. Expenses are also about 2k.
The house is valued at about 170k and i owe 170k. I paid 220k. So if i sell and make the purchase price, do i just have to pay estate agent and legal fees? Have i to pay revenue something again?
Just starting to think about it now but if anyond could answer my question i'd really appreciate it.
So just after doing tax return and looking at paying revenue over 2k. I'm wondering if i'm throwing money away year after year. Expenses are also about 2k.
The house is valued at about 170k and i owe 170k. I paid 220k. So if i sell and make the purchase price, do i just have to pay estate agent and legal fees? Have i to pay revenue something again?
Just starting to think about it now but if anyond could answer my question i'd really appreciate it.
