This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Declaring Agency fees

cv65user
Posts:8
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”