Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Tenancy Deposit Scheme treatment

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

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
May 3, 2021 at 2:37 am #619486
sardonis
Member
- Topics: 4
- Replies: 1
I was wondering what will be the treatment of so called bond/deposit paid to a landlord. It is an obligation now for a landlord to pay such a money to an approved TDP. Is such a money still treated as a rental income or is completely excluded from income calculations ? Thank you again
May 4, 2021 at 12:56 pm #619642
Tax Tutor
Member
- Topics: 2
- Replies: 3965
A security deposit paid by a new tenant will not be treated as property income until such time that the property owner becomes legally entitled to use that money under the terms of the deposit.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.