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Posted Tue, 21 May 2024 06:31:00 GMT by freya fraser
I earn £35,000PA and on top of this I have a property rental income of £1500pm, I pay management fees on this of £180pm, mortgage repayments are £1777pm (Interest on the mortgage is £1475). If my student loan repayments are 9%, what do I owe in student loan repayments on the rental income? There is no profit as the mortgage & interest is so high.
Posted Wed, 05 Jun 2024 13:16:00 GMT by HMRC Admin 20 Response
Hi Freya,
I would advise you to refer to the following link: Repaying your student loan  for information regarding repaying Student Loans.
Thank you.
Posted Fri, 04 Oct 2024 13:17:02 GMT by Haider Ali
I am tempted to think this is an unintended consequence of the legislation. So three years ago, a basic rate tax payer with £35K salaried income and NIL rental profits (due to direct offset of residential finance costs) would not be paying income tax or student loan on the rental income. Since the changes in treatment of residential finance costs, the same basic rate tax payer would still not pay any income tax on rental income BUT will have to pay Student Loan? This does not sound right..

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