Mogget
Full Member
- Joined
- Nov 27, 2013
- Messages
- 6,738
- Supports
- Arsenal
Most of the landlords I've rented from (including my current one) have only taken rent in cash. I seriously doubt they're declaring that income.Landlords still have to pay income tax on any rental income. The ‘passive income’ doesn’t avoid income tax.
Agree with the rest of your point though and I’ll add - our economy is geared towards taking on debt to succeed. Which feeds the capitalistic cycle.