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Where Taxpayers and Advisers Meet
Do I pay tax on a deposit for a rental property?
Hi, If I take a deposit for a residential letting before 5th April, then pay it to the DPS in the new tax year do I need to pay income tax on it ?
Re: Do I pay tax on a deposit for a rental property?
It isn't income so I am a little confused by the question.
As it isn't income, no tax is payable on it.
As it isn't income, no tax is payable on it.
Re: Do I pay tax on a deposit for a rental property?
Thanks for your help, I thought I would check
Re: Do I pay tax on a deposit for a rental property?
https://www.gov.uk/deposit-protection-schemes-and-landlords
With a pinch of salt take what I say, but don't exceed your RDA
