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Updated about 5 years ago,
Lowering the tax bill
Hello
Let me state upfront this may seem like a rather strange question.
I am looking to expand my portfolio but I currently don't a need for the rents income. If I use it exclusivly to pay the debt on the property will the rental income still be subject to tax?
I currently have a comfortable salary and have no need for the income. I would rather accelerate the payments of the debt so I can expand quicker and acquire more property
I don't want to begin to draw from the properties untill I can take enough to leave my job entirely
Any guidance or feedback would be greatly appreciated
V/r
The new guy