+977-1- 411 1910The most crucial tax to consider for any property investor is the income tax. It is charged on employment income, rental income, interest, dividends, and profits for the self-employed. Income tax is the largest source of tax revenue for the government, accounting for more than 30% of total tax revenue.
The tax rules are continuously changing, and it is difficult for landlords to find the plain English guide to income tax. Therefore, in this article, the main elements of income tax for landlords are explained in a simple, explanatory manner.
This article will look into the income tax rates, self-assessment filing deadline and penalty, worked examples, particular issues around the taxation of property income, etc.