What rate of tax is net rental income subject to?

P

paul_m

Guest

• 3 Nov 2006

• #1

Just wondering what rate of tax net rental income is subject to for a paye
worker i.e the rate you are subject to after you deduct all your expenses?

 

C

CCOVICH

Registered User

Messages

8,826

• 3 Nov 2006

• #2

You will pay tax at your marginal rate.

 

P

paul_m

Guest

• 3 Nov 2006

• #3

Excuse my ignorance but what is the marginal rate?

 

C

CCOVICH

Registered User

Messages

8,826

• 3 Nov 2006

• #4

The highest rate of tax you pay after taking account of all allowances and reliefs etc.