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Question about Gross rent receivable for tax returns

tweety76 · 2008-10-31 10:02:45

Hi All, A very basic question about rental income for tax returns. When calculating base rental income( excuiding repairs,sundries,capital allowance) Is the figure gross rent receivable a. profit made on rental per annum or b. profit made on rental per annum ( after mortgage deduction) Thanks!

31-10-2008 11:02am

#1

tweety76

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Hi All,

A very basic question about rental income for tax returns.

When calculating base rental income( excuiding repairs,sundries,capital allowance) Is the figure gross rent receivable

a. profit made on rental per annum or
b. profit made on rental per annum ( after mortgage deduction)

Thanks!

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Comments

#2 03-11-2008 2:18pm

Mr. Incognito

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have a read: the taxable figure is gross rent net of expenses.

http://www.revenue.ie/index.htm?/leaflets/it70.htm

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