Separate bank account
Tax Planning and Financial

newbie20
newbie20
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3 Posts
1 month ago
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We are embarking on renting one property.  It's unlikely to be a portfolio that expands.

I understand that it's a good idea to have a separate bank account for rental income and for expenses so it's neatly in one place.  I think this can just be a normal current account and there's no requirement for a business account incurring fees, is that correct?  It would be purely an administrative arrangement...

Thank you.

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