No, if you asking as of 2020.
If you have 200 quid rent (profit), at 40% tax you pay 80 leaving you 120 Then you pay 100 in mortgage (interest no longer tax deductible), leaving you £20
Ahhh got ya. So if your rent and mortgage were even you’d be a few quid worse off each year!
I guess it’s about balancing everything in your favour.
Cheers!
@chrisbmx116 started
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No, if you asking as of 2020.
If you have 200 quid rent (profit), at 40% tax you pay 80 leaving you 120
Then you pay 100 in mortgage (interest no longer tax deductible), leaving you £20