Hi! I've recently inherited 3/4 of a property in London from my late grandfather and was wondering what you'd do in this situation: My sister owns the other quarter of the property (wonder who's the favourite grandchild? ) and she has no interest in keeping it. I want to buy it from her using basically the entirety of my savings account and let the property. It's nothing big or expensive, but it'll be a good investment I reckon, seeing as I already own most of it anyway. I've got one big question so far though, what happens with my income tax with having two incomes like that? If I paid the rent I'd get from it directly into my savings, how would it be taxed? I've had a go with this salary calculator but just can't get the numbers to work without having insane amounts of tax on it (I'm just about on the borderline for the 40% tax band). Are there any good sites for more info about this? Cheers!