What are some common strategies to lower tax on rental income?

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Write off stuff. Mortgage interest, depreciation, a vehicle, repairs

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I should’ve mentioned I live in the UK

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I see you live in the UK… here in ‘Merica with have professionals called accountants for this, so sorry we can’t help you lol

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Tax property company to go to court to reduce your taxes

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Related Posts

Pranam Fieshes ,

How to declare tax on joining bonus? First time got joining bonus , how to mention it in tax declaration . Please help

Your lovingly,
Fish

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Freelancers - who’s your tax guy ? I’m very, very confused.

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Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

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I should be getting my job offer this week. Can someone tell me if Chase offers benefits such as; student loan repayment, discounted daycare, childcare FSA, employer HSA contribution? If there’s a high-deductible plan what’s the max family out of pocket? What’s the employer 401k match?

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Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

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I just received an offer to lateral into banking. How does independence affect the stocks I currently own? If I join and my stocks are on a restricted list will I have to sell them? Or will I be limited to being unable to buy more/sell any during the course of my employment.

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Can anyone give me a rough breakup of expenses in Dubai please for a single person. Is 12-15k AED reasonable every month?

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Hi, I'm new to Dallas. Have been eyeing on rental investment in Dallas. Looking into Zillow, properties in Arlington seem to have good appreciation. Is it good idea to invest in Arlington? What other areas in Dallas can I consider (checked Carrollton, Plano, Coppell, Addison).
Thank you.

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Why so red? Any stocks good to buy now?

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Anyone took personal loan from HDFC !!
What are their interest rates and charges ?
Which bank is best for personal loan considering all charges/ interest rates and all ??

Best robo investing platform? Current shortlist is SoFi Invest and Betterment. Trade off right now is no management fee vs tax harvesting

What are your thoughts?

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Looking for few suggestions for high risk/high return stocks at current level which have potential to double/ triple in next 3-4 years...

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What's the best 529plan? Heard Vanguard Nevada plan is popular due to low fee, or NY state one gives tax benefits upto $10k (but not sure if it matters for NJ residents working in NYC). What's the criteria for deciding 529?

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BakerTilly people, what application do you use to prepare your financial statements? Do you use word/excel?

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What do you do and how much you made in 2021?

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Now that flexing has become common: 31 year old senior associate, net worth of -$15k, salary of $80k, career in flames, renters destroyed my only property. AMA

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Finally, eligible to buy T$LA 😁

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what’s the ratio of equity/stocks to bond/fixed income in your Merrill lynch 401k plan?Do you make any modifications or just use recommended distribution? First job with 401k and not sure what to do!

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What do we think is going to happen with student loan deferral? Any recent new grads thinking they’re going to pay back any time soon? Some argue Biden is going to keep pushing interest pause til next election then forgive 10k as a strategy to help get re-elected? I only have 15k to pay and can pay it anytime, but no incentive to when that money can be earning more elsewhere in the meantime, thoughts on what is really going to happen?

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Anyone have insights into Zions investment bank?

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What is the highest-paying Finance career immediately post-MBA?

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How stressful is it to work in a call center? It seems to me that the supervisors would be the micromanaging sort

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Can someone guide on this?

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Hi guys, I am looking for a change after 11 years serving in the current organization. I have total 13 yrs exp. with only 13 LPA as I am in the same organization and didn't switch. With EY in the HR discussion they stated 19.4 LPA fixed, but I requested for 20 LPA fixed (though the difference is not much). The HR stated they may need to take approvals and the call ended. Do you know whether they will come back? How many days usually it takes HR to come back? It's the 3rd day almost.

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Hello Fishes,

Can somebody please refer me for the following Job ID: req367550 in HoneyWell.

Years of Exp: 3

Skills: Tableau, SQL, BigQuery, Python, Google sheets

Thank you

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Any shops to avoid as a Strategy Director? A female strategy director at that.

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Has anyone got any idea when/ if we’ll ever be notified if we are “safe” I was told to expect comms today...

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Any government or gov contracting positions in the public health space anyone can recommend? Any direct hire positions if gov? Looking to make $115-125k.

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Anyone have a range on associate salary at McGuire Woods?

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Any doing RE work for in-house healthcare? I’m curious about pay.

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Got an offer for 60k pounds + bonus for London location at Sr Consultant level in FS industry. How good/bad is the offer? Please suggest.

CCTC: 24lpa in India
Workex post MBA: 3.5 yrs
Total workex: 6.5 yrs

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Hi everyone, new here :D I am looking for a referral for healthcare/pharma/LS consulting in the UK. I can send you my CV via DM. Thank you

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Do you know anyone who was fired (not “counseled out”) for bad performance? Explain.

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When will be the next round of Digital Nexus layoffs in Montvale?

Hi fishes,
Has coforge fired any employees in 2022?

Does anybody have good electric standing desk recommendations? Ideally in the $200-300 range.

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Numbers in excel...

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When you have rare moments of downtime what are your go-to websites to waste time on?

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Any recs on women’s luxury brand sneakers?

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Additional Posts in The Real Estate Bowl

For those w investment property, how many of you self manage vs using property manager? This is my first condo, relative new build from 2018 and a family friend jus moved out. I would have self managed but am scared about squatting/evictions esp w Covid and the rent memorandums. Thinking of jus getting the property manager as I am new to this... Advice appreciated.

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What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

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Under contract to buy my first home - house hacking a triplex. Property has been leased by the same three tenants for the last 5+ yrs, rents haven’t been raised since they moved in. Market rents have risen 70-100% in the same timeframe. All seem like ideal tenants (retired and take great care of the units) but I’d like advice on how to approach the rent increase conversation. Rents don’t make/break my mortgage payment but I’m leaving a lot on the table if I don’t increase significantly.

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What rates are people getting for condos? I’m thinking about selling my condo (I had 3.25%) but my realtor said that the rates are so high now that if I were to buy a similarly priced place, the monthly payment would be like $800 more. I’m bad at math, so I wanted to ask here to confirm this is accurate. Mortgage is around $700k

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This isn’t relating to investing but we are looking buy a SFH in South Orange NJ. We are have a 2 yo and we are moving from Sacramento. It is a close to a train station to New York.
Does any one here have any info, good or bad things to know about the area. We toured 3 different homes and they were relatively affordable by (600-750k) and it seemed like a small town community but we are not familiar with east coast/ New England. It’s going to be our first move there.

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What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later.

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Hi all, I’m in the north east metro area and due to the current RE market we decided to look into PA specifically Lancaster. Anyone in this market and have any thoughts on where it’s headed? We’re looking purchasing a single family property all cash at 110k that rents for $1100 a month. The last owner bought for 35k like 15 years ago 😩 but hoping buying and holding for a few years will give a equal or greater returns over the long run.

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My clients wish to write a testimonial/review for my RE broker services. What is the best site/medium for this? Yelp? Google Review? Zillow? Facebook?

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Please help! Do these fees look within normal range or are they too high? I am especially concerned about the title company fees!

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I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

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Our appraisal came through exactly as the offer price we put. Apparently by lenders 3rd party. Isnt that a bit fishy? If it came in lower our contract has the option to negotiate a bit with seller. Is lender just trying to push this along faster? I'm pretty sure in this crazy market the home is not valued at what we offered. Why would seller put a much lower asking price then? Make no sense. Please advise!

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Is it common for HOA to ask you to prove your car registration is up to date?

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I am selling house and remodeling both master bath and kids bath. Got quote for 29k for both and I buy floors and cabinets.question is I have a very big whirlpool tub and tiles around it discolored. It’s a hassle to lift it up change the tiles and fixtures and put it back. It’s old but works great. Remodeling ppl recommend get rid of it, give space to buyers if they want to buy standalone tub. I thought it adds value to have whirlpool tub. But can’t even change fixture. Should I get rid of it?

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I thought the answer is yes but now double checking. Can we write off the interest we pay on our primary residence mortgage?

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Are most new houses being built with induction cooktop? What has everyone experience been like? I personally had non compatible cookware with induction cooktop and wondering if I should just buy a new cooktop (electric, gas etc).. Other reason is that I read that it's also not healthy due to electromagnetic waves?

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Anyone ever had the trim on your house painted? 2000 square feet, was quoted $3500. This included the trim, garage door, and front door. Seems reasonable, no?

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Do you thank your tenants for paying the rent? A quick thank you text?

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Looking for an NJ store selling hardwood flooring that has a decent selection and not too lengthy delivery times.
Everyone seems to have a 4 week wait for hardwood. Any help is appreciated.

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Can anyone recommend a solid lender in Westchester County single family homes? Low rates, good service, easy to deal with.

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At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

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