Tag: landlord

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The cheapest Buy-to-Let in The Heatons?

The property I am looking at today has got to be the cheapest Buy-to-Let in The Heatons by far…

Currently for sale with Julian Wadden in Heaton Moor is this studio apartment in a well maintained development in Heaton Mersey. It also benefits from ample residents parking.

Advertised at a guide price of £79,995, the property could rent for £500pcm, which is an incredible gross yield of 7.5%.

When you take into account the service charge of just £78 per month, the net yield is 6.33% which is almost unheard of in SK4 postcodes.

The property can be found online HERE.

For more Buy to Let Investment opportunities and advice, connect with me on LinkedIn HERE or contact me on 0161 442 1118.

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i have been living abroad for some time and would like to rent out my property in the uk. what do i need to know about tax?

As an overseas landlord, your letting agent would be required to deduct tax from your rental income before sending it to you unless they have permission from HMRC to pay the rent to you in full. This tax would then be paid to HMRC quarterly and at the end of the tax year you would be provided with a certificate in order to complete a self-assessment tax return and prove how much tax you have paid. If you would prefer the rent to be paid in full so you could complete a tax return and pay any money owed directly, HMRC will provide your letting agent with an approval number once you have registered with them which they need to pay the rent to you in full.

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