want to rent out my house that i own and rent a house that is closer to work. do i have to pay tax on the income if i'm paying out the same as i'm getting in
He gave her one star because subconsciously he knew she hadn't given the full answer.
Do you have a mortgage on the property you will be renting out? If so you will get tax relief on the interest payments. So if the mortgage is �500 a month and you rent it out for �600 tax would only be payable on the �100 difference.