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15 November 2011

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What is the best way of running property-acquired net income as part of my business to maximise my tax return?

Question in full:

I have a few properties which give me some net income, and I wonder what is the best way of running that as part of my business to maximise my tax return?

A: The tax and vat position on rental properties can be complex and the possible taxes inter-relate. I would suggest in the first instance you discuss this with your accountant.

There is potential to claim some car expenses against rental income, but this is likely to be limited.

Category => Ask An Expert


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