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Renting a room relief

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Renting a room relief

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarTax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
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  • April 27, 2017 at 12:43 pm #384121
    Avataraamir2111
    Participant
    • Topics: 123
    • Replies: 85
    • ☆☆☆

    Dear tutor,

    As per the lecture on the above subject, the property income assessment will be equal to Gross rent less expenses OR Gross rent less relief of 7500.
    So does this mean if the tax payer is opting for the relief he will not be able to deduct the allowable expenses from the gross income which is generally done in case of property income?

    Thanks

    April 27, 2017 at 8:39 pm #384152
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    Correct

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