Rent guarantee generated income included when calculating tax liability

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 by HMRC for non-resident landlords

In Landlord Transactions: When rent guarantee payments are generated, a landlord tax invoice is also created for the relevant amount Open In Landlord Payments: The tax deduction from the landlord payment is shown Open

Related articles