Abstract
The amount of income that you derive during the tax year from letting property such as a house, flat, factory or shop, less the deductions you may claim represent your net income from letting property and must be shown separately on your tax return. You must return your gross property income including certain lease premiums and also give full particulars of your expenses. If up to 5 April 1995 the income was derived from furnished lettings then the assessment was under Schedule D Case VI (15.1); otherwise it was generally under Schedule A. From that date to 31 March 2009, Case VI on furnished lettings only continued for corporation tax purposes.
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© 2010 Fiscal Services Ltd
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Sinclair, W., Lipkin, B. (2010). Income from Land and Property. In: St. James’s Place Wealth Management Tax Guide 2010–2011. Palgrave Macmillan, London. https://doi.org/10.1057/9780230301801_7
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DOI: https://doi.org/10.1057/9780230301801_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36466-4
Online ISBN: 978-0-230-30180-1
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