Hi, I know there are many people who have purchased LJDF units on Saidia. I was wondering if anyone has looked into "tax" implications..., by this I mean the amount of tax payable on rental income, I believe I have some understanding on the matter but wanted to know other people's views.

For example how much tax would be payable on say a 10k rental income for first year of ownership? then how much tax would be payable on say the same 10k income but after 5 years of ownership ?

Hi.Does anyone also know what the UK tax situation is regarding expenses incurred in obtaining loans to buy property abroad in respect of offplan. I have had a look at the Inland Rev Notes and cannot find anything about this.

MPC - just replied on another message board to your question re tax.

SooSoo - from my understanding, interest from mortgages can be offset against your income, regardless of where the finance comes from. e.g., if you decide to take some equity from your main UK property, then you can offset the additional interest that you're charged.

There is a great website regarding taxationweb.co.uk. Check out the forum, it covers all aspects of tax

What makes you think this