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Property Income

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Property Income

Viewing 2 posts - 1 through 2 (of 2 total)
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  • April 14, 2019 at 7:51 am #512335
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    Hello,

    Could you just briefly explain what is a “council Tax” and also indicate whether they deductible expenses for property income?

    Thanks.

    April 16, 2019 at 3:03 pm #513092
    Tax Tutor
    Member
    • Topics: 2
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    • ☆☆☆☆☆

    No problem – it’s a local government property tax and yes it is an allowable expense if incurred by the property owner. In reality however it is usually the tenant who pays the council tax and so is irrelevant for the property income assessment of the owner.

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