becoming a Landlord -tax query

i`ll be renting out my house in the next few weeks (possible months). i want to get the proceedure right from the beginning. i know i have to register for PRTB Etc. what happens on the tax side of things? will i be paying more tax? can i benefit from rented accomodation? Im on the A2 tax bracket. Will this change? would posters advise on accepting rent allowance?
Im not even sure of the right Q`s to be asking. So when replying please type slowly and in English please

Was reading a post earlier about a LL who is trying to get his tenants out. i dont really want to get caught in any shape or form including non correct payment of tax etc...

Advise appreciated...

Have you read this?

Property Investment FAQ

This is only a summary - you should get professional advice for the full story for your specific situation.

ClubMan said:

Have you read this?

Property Investment FAQ

This is only a summary - you should get professional advice for the full story for your specific situation.

Click to expand...

good thread. will print off and read. when u say professional advise? You mean tax advisor / solicitor / letting agent?

One or all of the three might be able to help. An accountant with tax expertise in this area would also be a good bet.