Net rent -label X
This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
X Working out your net rent
Take the total expenses figure at W away from the gross rent figure at C and write the answer in the boxes at X (Net rent) on your schedule. If your total expenses are greater than your gross rent, you have made a rental loss. Print L in the box at the right of your figure at X.
Note: Low-value pool deductions for assets used to produce your rental income are not taken into account in the amount you show as net rent-see label I, Capital allowance deductions.
Last modified: 20 Oct 2015QC 27495