income from property

Question 1

IFP

Answer 1

the rent received or receivable by a person for a tax year other than exempt from tax shall be chargeable under the income from property

Question 2

RENT

Answer 2

any amount received or receivable by the person in a tax year as consideration for use of land or building or

any forfeited deposited received by the contract of sell of bulding or land

Question 3

deduction allowed in IFP
1

Answer 3

1 repair and maintains
in respect of repair and maintains deduction will be allowed 1/5 of gross receipt

Question 4

deduction allowed in IFP
2

Answer 4

insurance premium
paid or payable will be allowed to deduction in the year the bulding insure

Question 5

deduction allowed in IFP
3

Answer 5

local tax / rate /will be allowed to deduct