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Where Taxpayers and Advisers Meet

Declaring Agency fees

cv65user
Posts:10
Joined:Wed Mar 29, 2017 10:35 pm
Declaring Agency fees

Postby cv65user » Tue Apr 06, 2021 3:59 pm

Say you rent out property £1000 a month
Agency takes 10% cut monthly
Then pays you remaining balance every month

On your SA do you declare:
A)
Income of £12000
Expenses of £1200

or B)
Income of £10800
Expenses £0

Return to “Property Taxation”