Is it worth keeping my buy-to-let property, or should I sell?

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As a higher rate taxpayer I have been advised that these properties are not tax efficient

Photograph: Daniel Leal-Olivas/AFP/Getty ImagesPhotograph: Daniel Leal-Olivas/AFP/Getty ImagesI get rental income of £1,000 a month on a property which is managed by a letting agent who charges me 12% commission . After paying tax at 40% I am left with monthly rental income of £528. My two-year fixed-rate interest-only buy-to-let mortgage costs me £300 a month.

 

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21st century problems.

Do the right thing and let the home to a struggling family without taking a profit.

sell.

That depends: are you a sociopath who doesn't care about the chronic lack of affordable housing in the UK and can live with exacerbating it for the sake of two-thirds of your tenants' income in exchange for diddly squat?

Sell it and stop being greedy.

あー完全に90年代から どっかんどっかん上がってた 不動産バブル終了っぽい

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