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Investors & landlords
Thanks a lot really appreciated.
For this parts:
1. Gross rental income for 2021/2022 is 9 months at $1100 =$9900 plus 3 months at $1200 =$3600 for a total of $13,500 -- tax at 11.8% =$1593
2. Gross rental income for 2022/2023 is 9 months at $1200 = $10,800 plus 3 months at $1300 = $3900 for a total of $14,700 and a tax at 12% of $1764
why did you count 9 month? for both parts 1 -2
One expert already mentioned most of people has cash method instead of accrued, per your explanation most of people in UK should take accrued method. So who can use cash method?
‎February 18, 2024
11:05 PM