Rental Income

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What Is The Definition Of Rental Income?

The amount received by renting out a property (usually residential accommodation) and receiving rental income is subject to income tax.

The following types of residential accommodations are available :

  • Vacation/Holiday Homes.
  • Bed-And-Breakfast Accommodation or Guesthouses.
  • Renting out a part of your house, such as a bedroom or a garden flat.

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