New Posts For Thread: Rent/taxation question. for the experts.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729142/renttaxation-question-for-the-expertsjust aquired some commercial property which I have no mortgage on.how will the income from rent be taxed? will this affect my taxation on the wages from my day job?also is there anyway that my property mortgage can be used to offset any tax ?BE GOOD LOL.SINCE GOT THESE PROPERTIES INCOME HAS GONE UP, NEED TO FIND A GOOD INVESTMENT FOR IT ALL.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729142/renttaxation-question-for-the-experts?post_id=426043242#426043242BE GOOD LOL.SINCE GOT THESE PROPERTIES INCOME HAS GONE UP, NEED TO FIND A GOOD INVESTMENT FOR IT ALL.Thu, 18 Mar 2010 04:34:51 -0500Money TreeI wish!!https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729142/renttaxation-question-for-the-experts?post_id=426043238#426043238Money TreeI wish!!Thu, 18 Mar 2010 04:21:02 -0500CAN GAMBLING LOSSES BE OFFSET AGAINST TAX?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729142/renttaxation-question-for-the-experts?post_id=426043234#426043234CAN GAMBLING LOSSES BE OFFSET AGAINST TAX?Thu, 18 Mar 2010 04:16:25 -0500family owned property passed down to me and sister.2 are long term established, one is just being bought as it is next door to 2 of the others, buying for land rather than the business, but it comes with rent from tenant.the 4th is empty at the min bhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23729142/renttaxation-question-for-the-experts?post_id=426043154#426043154family owned property passed down to me and sister.2 are long term established, one is just being bought as it is next door to 2 of the others, buying for land rather than the business, but it comes with rent from tenant.the 4th is empty at the min bMon, 15 Mar 2010 05:06:41 -0500You will need to fill out a self assessment form for the property business and any other income.You will be allowed to offset expenditure against income, wholly attributable to the property. So legitimate claimable expenditure would be, for example:https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729142/renttaxation-question-for-the-experts?post_id=426043150#426043150You will need to fill out a self assessment form for the property business and any other income.You will be allowed to offset expenditure against income, wholly attributable to the property. So legitimate claimable expenditure would be, for example:Mon, 15 Mar 2010 05:02:57 -0500just aquired some commercial property which I have no mortgage on.how will the income from rent be taxed? will this affect my taxation on the wages from my day job?also is there anyway that my property mortgage can be used to offset any tax ?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23729142/renttaxation-question-for-the-experts?post_id=426043146#426043146just aquired some commercial property which I have no mortgage on.how will the income from rent be taxed? will this affect my taxation on the wages from my day job?also is there anyway that my property mortgage can be used to offset any tax ?Mon, 15 Mar 2010 04:27:30 -0500