Are you a prospective property investor?
Becoming a Landlord
There are two ways in which you may make money from purchasing or owning an investment property:- Through increase in asset value: which will be realised as a capital gain when you sell it. This is subject to capital gains tax.
- investment income: This is earning income through renting the property out. This is subject to income tax.
- Profitability
- Cashflow implications
- Tax implications
- Implications of a sale