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Have a doubt on treating the expenses in property income
EX:
Abbas purchases a house on 1/June/2016 and then he let out the house from 1/July2016. He paid insurance for y/e 31/5/2017 of 420 pounds in 29 june 2016.In this scenario how much amount can be deducted as expenditure from property income
Have worked through the OT course notes – see Chapter 3 and the practice questions referenced at the end of the chapter, specifically Q.7. I think you will find your answer there!
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