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Residential property

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.

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May 12, 2017 at 4:28 pm #385993
sana101
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Sir could please give examples of residential property as i am getting confused whether a property qualifies as residential property and should be taxes at 28% or is simply an investment property.
May 15, 2017 at 3:19 pm #386296
Tax Tutor
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An investment property may be either a residential property or a commercial property – the 28% rate is specifically applied to a residential property which you must be told in an exam question
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