Keyurkumar Ratilal
Joined: 9/24/2024
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Tax on property Income
Good Afternoon I am currently calculating tax on my rental property income and I have following questions which I need help with. 1. Can I use £1000 tax free allowance as well as claim tax reducer on Finance cost (Interest on mortgage)? 2. When I claim for tax free allowance of £1000, am I not allowed to claim for allowable expenses? 3. For mileage claim, what is the rate I apply on mileage to claim as allowable expense? Thanks