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This guide has been reviewed against our global client base and is relevant to non-APAC regions only

Available from version 12.185

Rent guarantee functionality is a configurable option for Enterprise customers
To request this option to be enabled on your system, click here to contact Reapit Support

Along with standard rent income transactions for a landlord marked as tax-deductible, rent guarantee generated income transactions are taken into consideration when calculating tax liability

This allows rent guarantee products to be offered to non-residential landlords with tax correctly deducted, as required for non-resident landlords

This update applies to a non-resident landlord, set-up to deduct tax, with rent guarantee functionality enabled

In Landlord Transactions:

  • When rent guarantee payments are generated, a landlord tax invoice is also created for the relevant amount

Rent guarantee tax deducted - landlord transactions.png

In Landlord Payments:

  • The tax deduction from the landlord payment is shown

Rent guarantee tax deducted.png

Need more assistance? No problem! Just log a ticket on the Reapit Service Desk Portal at https://reapitsupport.refined.site/ and a member of our Support Team will be happy to help

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