part year rent

ITR 730 views 1 replies

i have a rental property.  vacant for 5 months and rented for remainder of the year for 50,000 per month.

Schedule HP question:

a) Annual letable value / rent received = is this value 50,000 * 12 ??

b) amount of rent that cannot be realized = 5 * 50,000 ??

 

response appreciated .....

 

 

Replies (1)

You should simply take 50000*7 as Annual lettable value/ rent received

There is no rent which is not realised hence it should be nil


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