With house prices still on the rise are you considering buying a small property and earning a little rental income with capital appreciation on the top?
Understanding the best locations and how much rental you could earn is one thing - working out the tax implications and determining the most tax efficient way to operate is another task altogether.
If you're considering buying a property to let out please give a member of our tax team a call before you go any further, or better yet just buy a house in France and retire somewhere warm...
House prices rose by 6.1% in the year to September 2015, according to the Office for National Statistics (ONS). That was up from 5.5% in August, and 5.2% in July. It brings the average house price to £286,000. However, the rise is still much lower than a year previously, when prices were rising by more than 12%.