Table updated April 2010.
For those who prefer charts to tables, here's the numbers from the previous post presented as a chart, which I think highlights the stupidity of it all so much the better ...
All That’s Wrong
4 hours ago
Monday, 28 January 2008
Effective income tax rates in the UK (2)
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3 comments:
So if you can live off the 20% bracket on rental income alone thats the way to go?
In other words sink your money in to property and collect the rents with a doberman?
If you earn less than 32000 from rental income then you are ok
Trouble is achieving that means you need about 30-40 properties depending on where you are.
Round where I live that's be about four or five one-bed flats, assuming no borrowings.
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