4 ms·
Most of the time, this is the best way to do it (financially speaking) - alot of people still like to live in a house they "own" though.
by alastair 17y ago
Most of the time, this is the best way to do it (financially speaking) - alot of people still like to live in a house they "own" though.
- hugh3 17y agoI do this too, but it's only the best way to do it if you really need the mobility. I own property in my home town, but will sell it and buy locally as soon as I decide where I'm likely to be living in the long term. The main problem is that the rent I receive is taxed as income and the rent I pay isn't tax-deductible.
- jluxenberg 17y agothe main problem is that the rent I receive is taxed as income and the rent I pay isn't tax-deductible Your costs as a landowner are tax-deductible, right? So you're only taxed on actual profit? Doesn't seem like you should be any worse off