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If rental income is greater than the expenses you have incurred on a property that you let out, you are required to complete a tax return and pay tax on this income. If the property makes a loss, you may want to declare it as you can make use of this loss on the future profits generated from the property.
Brash & Co can assist you with the following:
If you would like more information or would like to speak to us direct then call us on 01704 551889. Or if you would prefer, ask us a question online.