I'm new to letting property and I'm after some advice.
I'm going to be renting out a property at 850 per month. I do not have a mortgage and it is own outright.
I have the following expenses each year.
Service charge on property - 2000
Letting fees - 2162 including VAT
I'm not sure what else I can claims for and I'm looking for a rough idea of how much tax I will pay.
Any help woud be appreciated.