This site is intended for health professionals only
Wednesday 28 September 2016
Share |

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.