3. How to report my letting income?

3. How to report my letting income?

How should we address the fact that the property has been sub-divided into a number of small units for letting on the Tax Return?

Each small unit's rental income must be summed up, and the total rental income must be reported in Part 4.2 of the Property Tax Return. 

Between August and October 2022, the Property remained vacant. What information should we include about this situation in the Tax Return for that year? 

In the top section of Part 4 of the Return, you should add a "✓" in the box against "Yes" before reporting the rent details. The necessary number of full months to be specified in Part 4.1 is “9”. The dates that you will be renting out your property, such as 1 April 2022 to 31 July 2022 and 1 November 2022 to 31 March 2023, must also be stated. The entire rental income should then be reported in Part 4.2 of the Return.

I rent out one room in my flat and the remaining area is for my own use. How should I report this situation in the Tax Return? 

In the top section of Part 4 of the Return, you should put a "✓" in the box against "Yes" then proceed to report in Part 4.2, the rental income from letting that room.