The tax implications of purchasing additional properties or of renting property can sometimes be confusing.
There are two principal taxes that must be considered: capital gains tax and income tax. Income tax is
payable on the net income from a rental property. Capital gains tax is payable if the property is sold for
a profit.
We do hundreds of rental property returns. Let us show you the expenses you can claim and ways in which
to keep the paperwork up to date to enable the tax return to be done in a timely manner. |