Will I be OK when the new tac changes come in ?

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  • craig2222
    started a topic Will I be OK when the new tac changes come in ?

    Will I be OK when the new tac changes come in ?

    I currently earn £25000 from my job.I have 2 rental properties that bring in £12480 per year.I am thinking about buying another that would bring the total to £18720. £18720 plus £25000 is £43720. I'm I right in thinking as long as I am below the £46000 higher tax bracket I am OK and the new tax changes won't affect me ?

  • mariner
    replied
    I think your assessed Tax Band is the key, not your Income, which can vary. eg Benefit in Kind, net profit from property etc
    Govt can easily alter qualifying Income.

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