TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Determining Property's Annual Value for Tax: Rent vs. Expected Value, Deductions Allowed, Special Rules for Stock-in-Trade.</h1> The annual value of a property for income tax purposes is determined as the higher of the expected rental value or the actual rent received. If the property is vacant, the actual rent is considered. Taxes paid to local authorities are deductible from the annual value. Unrealized rent is excluded from the calculation. Properties held as stock-in-trade have a nil annual value for two years post-completion. An owner-occupied house has a nil value for tax purposes, applicable to two houses, unless rented or benefiting the owner in other ways.
TaxTMI 
TaxTMI 
