Letting Cost
If you generate rental income from your UK property, you are required to pay Income Tax. The rate depends on how much you earn, although a variety of exemptions can help offset the cost. Fees for Letting Services are a percentage of rental income, varying by agent and service level.
Taxable Bands 2017/2018 |
Rate of Income Tax |
Up to £33,500 |
20% |
£33,501 - £150,000 |
40% |
More than £150,000 |
45% |
Source: Jones Lang LaSalle