G gas Registered User Messages 14 24 Apr 2009 #1 Can anyone advise on the latest round of taxes/levies on rented properties & rental income ? thanks.
M Mairin Registered User Messages 18 29 Apr 2009 #2 Same as before - calculate rental income in normal way - if a profit, profit subject to taxation in the normal way. The income levy is based on the profit from the rental income, not the total income received before expenses.
Same as before - calculate rental income in normal way - if a profit, profit subject to taxation in the normal way. The income levy is based on the profit from the rental income, not the total income received before expenses.
M Mommah Registered User Messages 591 29 Apr 2009 #3 Mairin said: The income levy is based on the profit from the rental income, not the total income received before expenses. Click to expand... Oh thank goodness for that...I read somewhere else it was total income!
Mairin said: The income levy is based on the profit from the rental income, not the total income received before expenses. Click to expand... Oh thank goodness for that...I read somewhere else it was total income!
G Graham_07 Registered User Messages 2,890 29 Apr 2009 #4 It's on the rental income less expenses but BEFORE Capital Allowances.