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Captain Canny and Captain Clueless each let their properties. The rent and management expenses are identical... Captain Clueless makes a profit on which he pays tax of £400. Captain Canny makes a loss and pays no tax.
LETTING INCOME-
Don't be clueless - save tax by contacting the experts
Have you structured the
ownership and included all
allowable expenses?
further information available from: www.taxspec.co.uk