What are the tax implications of buy-to-let investment?

The tax implications of buy-to-let investment can vary depending on the country and jurisdiction, but in general, the following taxes apply:

• Income tax: The rental income received from the property is subject to income tax and must be declared as part of the taxpayer’s taxable income.
• Capital gains tax: If the property is sold for a higher price than it was purchased, the profit made is subject to capital gains tax.
• Property tax: Property tax, also known as council tax or property rates, is a tax levied on the property by the local government.
• Stamp duty: Stamp duty is a tax on the transfer of ownership of a property and is typically based on the value of the property.
• Maintenance and repair costs: The cost of maintaining and repairing the property can be deductible from the rental income for tax purposes, subject to certain limits.

It is important to seek professional advice from a tax advisor to understand the specific tax implications of buy-to-let investment in your country and jurisdiction, as the rules and regulations can change over time.