S
Sean Two
Guest
Hi There,
I'm currently completing Form 12. I'm PAYE with rental income to report for 2006 (my first year receiving rental income so no preliminary tax was paid in respect of tax year 06. The one point that is causing me trouble is the question of how/where on Form 12 one states the computation of the Preliminary Tax for 2007. Is it compounded with the 2006 income under Section 13 or does one simply report only 06 income under Section 13 but then enclose a cheque for an amount equal to my reported final 06 balance plus my unreported preliminary payment in respect of 07.
Any help on this would be appreciated.
Thanks
Sean Two
I'm currently completing Form 12. I'm PAYE with rental income to report for 2006 (my first year receiving rental income so no preliminary tax was paid in respect of tax year 06. The one point that is causing me trouble is the question of how/where on Form 12 one states the computation of the Preliminary Tax for 2007. Is it compounded with the 2006 income under Section 13 or does one simply report only 06 income under Section 13 but then enclose a cheque for an amount equal to my reported final 06 balance plus my unreported preliminary payment in respect of 07.
Any help on this would be appreciated.
Thanks
Sean Two