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How do I calculate Rental Income?

Posted 24 November 2015 under Tax Questions


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Dharmita says:
24 November 2015 at 20:01

How do I calculate rental income? Is this calculated as follows or is it different? Rental Income = Bond Repayments - Rental income. If it is positive it will be a profit, if negative it will be a loss?

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TaxTimTaxTim says:
24 November 2015 at 21:38

Rental profit = rental income less the interest on the bond repayments less any other rent related expenses.
Please read our blog on Rental property deductions to find out more.


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