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  • Income-labels A, B and C

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    A Did you earn any rental income?

    NO

    Leave blank and go to label B

    YES

    Calculate your rental income and write the amount in the boxes provided. Do not show cents.

    What you need to know

    Rental income is the full amount of all rent paid by your tenants. Do not reduce the figure by deducting agent's commission or other costs.

    B Did you earn any other rental-related income?

    NO

    Leave blank and go to label C

    YES

    Calculate your other rental-related income and write the amount in the boxes provided. Do not show cents.

    What you need to know

    Other rental-related income includes:

    • compensation for lost rent (for example, an insurance payment)
    • rental bond money you retain to cover outstanding rent or because of damage to the property
    • letting or booking fees
    • reimbursements and recoupments, such as reimbursements by tenants for the cost of repairs to the property.

    C Working out your gross rent

    Add up the amounts shown at A and B and write the total at C (Gross rent).

    Last modified: 20 Oct 2015QC 27495