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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: davidsabishop on March 17, 2009, 08:14:04 pm

Title: Renting work
Post by: davidsabishop on March 17, 2009, 08:14:04 pm

Anyone do this and do you just include rental income on your tax return as earnings?

Title: Re: Renting work
Post by: sparklebright on March 17, 2009, 08:18:52 pm

I have some work I rent out.


My accountant told me he would show it as a royalty as opposed to a rent, I don't know if that's cos I'm a Limited Co.
Maybe it's because if it's a rental, the whole lot should be on your turnover, whereas a royalty, you're only taxed on what you get. Not sure

I'd speak to my bean counter (Acct) if I were you.

Title: Re: Renting work
Post by: davidsabishop on March 18, 2009, 04:39:27 pm

Thanks for that :D