Marco
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RE: Corporation tax on rental income
Thank you for your responses! Just to be clear then, if I was to take a salary from the rental income this would fall under the 20% 40% or 45% tax bracket? -
Corporation tax on rental income
Dear sir/madam, I do hope you are all well! I currently have a portfolio of rental properties through a limited company. I’m looking to draw income/salary from the rental profits. Can you confirm what percentage of tax will need to be paid please? I believe if you have rental properties outside of a limited company tax’s are 20%, 40% or 45% however if the properties are in a limited company the tax you would pay to receive a rental income/salary would be 19%~25% is this correct? Many thanks for your assistance on this!