by in Tax on property Income

Tax on Rental Income

Earning income from renting out a property has become very popular over the last couple of decades, especially with those who have money to spare. Despite increases in stamp duty over the last couple of years, it remains a good investment opportunity. Not only do you get the value of the property when you come […]

by in Case Laws

INCOME TAX PROPERTY INCOME

Appeals Against HMRC Assessments Subject To Twenty Per Cent Deduction For Expenses Partly Allowed The appellant’s appeals against property income assessments subject to an ‘arbitrary’ estimated 20% deduction by HMRC from gross rental income to allow for expenses were allowed in part. The appellant acquired a residential property (C) in June 1997 and a second property (RC) […]