Tariq
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Renting out only property to rent out another property
Hello I want to rent out my current residential property, and use the rental income to rent out another property closer to my kids school. I can't sell and buy another property at the moment so that is not an option. Do I have to pay tax on the rental income? Or am I exempt in this scenario? I'm not renting out to generate profits, rather having to move due to my personal circumstances. Thanks