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What's the current tax situation on this?

You said in the article that income=rent is equivalent to ownership.

If you have to own sufficient "units" to pay the rental from income after tax, then, assuming a marginal tax rate of 30% (roughly that of those who pay basic rate tax and NI)

£100,000 property, 5% capital rent = £5,000 pa

£5,000 grossed up = £7143

Investment required to live "rent-free" in a £100,000 property = £142,857

by Sassafras on Thu Apr 10th, 2008 at 01:11:16 PM EST
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