Question Details

David Craig, Home Buyer in Northern Ireland

How much tax is paid on rental income. I am from N Ireland

Asked by David Craig, Northern Ireland Tue Feb 12, 2008

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David....

The income is added to your personal income. Also, the expenses to the property i.e. mortgage, taxes, insurance and other expenses are deducted fromt he properties income before taxes are figured out. Your best bet would be to talk with a CPA to see how it factors into your situation.
0 votes Thank Flag Link Tue Feb 12, 2008
Pam Winterba…, Real Estate Pro in Danville, VA
MVP'08
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