Hi can you please explain how the old lease is calculated!
(1) House number 1 (unfurnished)
A lease at an annual rental of £4,500 (paid monthly in advance on the first day of the month)
ended on 30 June 2021. The house was then unoccupied until 31 December 2021. Between these
dates it was redecorated internally at a cost of £2,000. It was re?let from 1 January 2022, with the
annual rent of £5,000 being paid in full on that date.
What is the net taxable property income for the tax year 2021/22 for house number 1,
to the nearest £?
Ask the Tutor ACCA TX-UK
Property Income
Hi we have exams tomorrow and i would really appreciate a reply!. Thank you so much!
You work out when a payment was received and add up the total.
Sign into reply to this topic.