From: richardtandoh@yahoo.com (rt)
Newsgroups: uk.finance
Subject: Buy-to-let tax questions
Date: 25 Nov 2003 17:22:20 -0800

Hi

I have a couple of questions that I'm finding it hard to get straight
answers to elsewhere, re: buy-to-let properties.

1) As I pay the 40%, i.e higher, rate of income tax, will I also be
subject to this rate on unearnt income from a buy-to-let property,
even if the income from letting is below the ~£30K upper threshold for
the 22% tax band?

2) Is the service charge on a buy-to-let property considered an
expense that you can offset against tax payments?

Thanks in advance.

rt.