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Rental income- gross income?

Posted 4 October 2013 under Tax Questions



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For the purposes of calculating one's taxable income, does one include the rental income received for leasing out a flat in their income?

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TaxTimTaxTim says:
4 October 2013 at 14:24

Yes you do, but you can deduct costs related to earning that rental income before including it in the total taxable income amount.


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