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What tax am I liable for if I rent my house

simo28 · 2010-09-12 18:55:52

Ok so I've lost my job a while back and now I'm thinking I might rent my house out and move back in with my parents. Not ideal but my savings are dwindling and I've got to address it. Does anyone know what kind of tax I'll be liable for?

12-09-2010 6:55pm

#1

simo28

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Join Date: April 2008

Posts: 83

Ok so I've lost my job a while back and now I'm thinking I might rent my house out and move back in with my parents. Not ideal but my savings are dwindling and I've got to address it.
Does anyone know what kind of tax I'll be liable for?

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Comments

#2 12-09-2010 7:40pm

3DataModem

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Depends on a lot of things... Mortgage repayments, any other income, etc.

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