I live in a tied cottage provided by my employer and I own a flat which is my principal property.(UK,Scotland)
Wednesday, February 24th, 2010 at
7:33 pm
Sell House Quick
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Filed under: flat rent
You would need to inform your lender and insurance company if you rented out the flat. Any profit made on the flat rental would be liable to income tax - that is, the rent received after deducting expenses such as mortgage interest, repairs, etc.