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Posted Wed, 10 May 2023 07:47:45 GMT by Rob
Should I include rental income net of expenses in my calculation of adjusted net income? For instance, let's assume my income is 50,000 from employment and 10,000 from oversea rent, for which I also incur rental expenses of 5,000. Is my rental income calculated net of the costs (i.e. 55k = 50k+(10k-5k)) or is it just the sum of employment income and rental income without the costs (i.e. 60k = 50k + 10k). Thank you
Posted Tue, 16 May 2023 13:21:16 GMT by HMRC Admin 5

It will be the amount after expenses.

Thank you.

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