General (main property discussion here) - Tax on Rental Income

Can someone tell me how this works.

say I make £100 a month after everything on a property how much is eligible for tax or is there a lower limit? Such as the limit for CGT.

Thanks in advance.

Assuming it's not held within a limited company, whatever your income tax band is.

Gee really. Ok. What if I am not working? If I were earning over £1000 in rental income (profit) would I be better off setting up a company and paying myself?

frank,

take a look at this thread http://www.landlordtrader.co.uk/forums.php?thread_id=11

hope it helps.

tom

Thanks Tom