Am I due to pay CGT on my rental income?
By Alicia Human · Updated
If my rental income are paid directly into my bond account, do I have to pay Capital Gains Tax on it?
You are required to pay tax on the rental income if you make a profit on it, however you are able to deduct the following Rental property deductions
Capital gains tax is due on the sale of the property only and not upon receipt of the rental income.
Capital gains tax is due on the sale of the property only and not upon receipt of the rental income.