Rental income

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December 3, 2012 at 10:35 am #55877
Nizar
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i would like to ask, if an individual rented out its property, and the question state that he has no other income, then the income from renting his property is classified as a rental income or business income?
December 3, 2012 at 5:45 pm #109124
Tax Tutor
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It is rental income assessed on the amount accrued in the tax year
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