Rental income and adjusted net income

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

Hi,

It will be the amount after expenses.

Thank you.

Can I deduct charity donations for my adjusted net income? For instance if total income is 55k and I made 1k of gift aid donations, is my adjusted net income 54k?

Hi Rob,
That's correct - any charity donations are deducted before calculating your adjusted net income. How to work out your adjusted net income
Thank you.