What are the tax implications for UK accidental landlords, and how can they optimise their property income?
Quick Answer
Accidental landlords face Capital Gains Tax on sale, and income tax on rental profits. Optimisation involves understanding allowable expenses and potentially incorporating to mitigate Section 24 effects.
About This Topic
Understand UK accidental landlord tax implications: rental income tax, CGT, and how to optimise profits with allowable expenses and potential incorporation strategies.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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