BTL Income Tax — Maven Adviser

BTL Tax Calculator (assumed 40% tax payer from 2021 onwards)

Gross Rental Income (per annum)

Mortgage Interest (per annum)

Total Annual Costs

Profit Before Tax	£ 4,000.00
Interest Now Taxable	£ 6,000.00
Taxable Profit	£ 10,000.00
40% Tax	£ 4,000.00
Less 20% Tax Credit	£ 1,200.00
Tax Due	£ 2,800.00
Net Profit After Tax	£ 1,200.00