Tax on Rental Income / advice please

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Friday, June 29, 2007 by caro in BELFAST. 8 posts Send private message We purchased a property this year with a guaranteed rental income from the developer. We now have to submit an invoice for the 1st quarter’s rental. Can anyone confirm the taxes due on this; I know that we have to pay 25% but do we also have to pay IVA? Any info would be appreciated. Spam post? Please let us know
01 Jul 2007 10:22 AM by miket in La Mairena, Elviria. 375 posts Send private message Caro, Income Tax is chargeable at 25% on your Net Rental Income after deduction of allowable expenses. There is NO IVA payable on any Income Taxes _______________________ Mike T www.marbellahillview.co.uk Spam post? Please let us know

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