Hi, I'm Rob. And I'm Rob. And this is Ask Robin Rob.

Welcome back to a new year of Ask Robin Rob. The calendar might be ending in a different number, but nothing changes on our side.

We're here to answer two more property questions.

And as ever, the way to send in your own is so so easy.

Oh, it's so easy. It's all in one place. So if you want to call in leave a message online or leave

us a Sunday times question all you need to do is head over to property hub dot net

for slash ask and we will answer your questions. And kicking off the air in style is a questioning from

Robin.

Hi Robin Rob, my name is Robin. Firstly I'd like to say a massive thanks to you both as I come from a very working class family and I had no idea about property until I listen to your audio books and your podcast. You've given me a lot of knowledge. There's something that I don't

understand about tax. I was hoping you'd be able to help with. So I'm now in that

fortunate position where I have a job that puts me in the higher tax bracket of 40%. a it would be through a limited company and it would be to try and retire early.

I'm not for money right now.

So let's say that I buy a property through a limited company and it gave me a thousand pounds a month

as my rental income which gives me

12,000 pounds a year. Of that of course I'd have to pay the corporation tax

which would then leave me with about 9,600. For simplicity's sake, let's say my mortgage only interest cost me

400 pounds a month, so that's 4,800. So when we take that away from the 9,600, it leaves me with another 4,800 as profit.

If I was to keep that within the company and not pay any dividends,

as I earn enough from my other job,

would I then be able to keep that 4,800 within the company each year until I have

enough to buy property number two or as I have another salary which is quite high do I have to then pay another 20% tax on that

remaining 4,800 to make it up to 40%.

...