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Working Tax Credits

Pete12Pete12 Feels At HomeRegistered Posts: 58
in General accounting discussion
Hi,

Where there is rental income, what figure is used in a Working Tax Credit application - the actual rent received or the net (taxable) profit?

Other questions about income require the gross amounts to be provided but in the case of rental income this would surely be misleading.

Many thanks.

Pete12

Comments

  • groundygroundy Trusted Regular Registered Posts: 495
    You include the profit figure minus £300 that is allowed to be deducted from other income
  • Pete12Pete12 Feels At Home Registered Posts: 58
    Groundy,

    Much appreciated - thank you.

    Pete12
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