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Q.

Who pays the utility bills and the council tax?

A.

These are usually paid by the tenant as long as this is clearly stated in the tenancy agreement. You would be responsible for paying any charges if your property is empty between tenancies.

Residential Landlords
#82
Q.

Do I need to furnish the property to let it out?

A.

Properties can be let unfurnished or furnished. The more flexible you can be, the more exposure your property will get. Most tenants would expect carpets and floor coverings, as well as kitchen appliances, such as washing machines and cookers.

Residential Landlords
#83
Q.

Do I have to pay tax on my rental income?

A.

Yes, you may be liable to pay tax on your rental income and further details can be found on the HMRC website. If you are going to be overseas, you will need to complete form NRL2 for approval to receive your rental income without tax deducted, otherwise your agent must deduct the tax at the basic rate and account to HM Revenue & Customs (HMRC); if your tenant is going to be paying the rent direct to you, then your tenant must deduct the tax and account to HMRC.

Residential Landlords
#84
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