Rental income- gross income? By Marc Sevitz · Updated 4 October 2013For the purposes of calculating one's taxable income, does one include the rental income received for leasing out a flat in their income? TaxTim Marc said:4 October 2013 at 14:24Yes you do, but you can deduct costs related to earning that rental income before including it in the total taxable income amount.DeductionsRental Income
For the purposes of calculating one's taxable income, does one include the rental income received for leasing out a flat in their income? TaxTim Marc said:4 October 2013 at 14:24Yes you do, but you can deduct costs related to earning that rental income before including it in the total taxable income amount.
