Member Since: 6th Oct 2015
13th Feb 2017
Yes, I really don't understand why it is a business-owner's job to take time away from actually running his business, in order to learn how to fiddle around on some other system that HMRC are still hoping someone will invent.
19th Oct 2015
Paying £36k in interest on property let for £34k?!
Indeed, these figures seem ludicrous. To be paying £36,000 in interest the mortgage would have to be £1 million at least, and would any lender lend a million pounds to someone with £25k income? Or indeed lend a million pounds on a BTL investment which doesn't even cover the interest? If she really can only let this £1million-plus property for £3,000 a month, something is very far wrong.
This article would be much improved by a more realistic example.