So, for "replacement for domestic item relief" and "rent a room relief", after we get the answers of each relief do we add back in property income or do we deduct back? I am a bit confused here, thanks for the help..
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Property income
Replacement for domestic item is a relief or dedcution from the income when a replacement asset is bought - like for like - is a rented property.
Rent a room relief - either do a normal comp - income less expenses = profit
Or do income less rent a room releif = profit
the lowest of the two answers is taxable
ohh so rent a room relief is taxable benefit thank youuu
2y ago#3https://opentuition.com/topic/december-1st-2/
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