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jack313

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    jack313 replied to the topic Privately renting out my house – how much tax do I pay? in the forum Help Needed! 16 years ago

    Hi, my partner and I also started renting out 1 room in our new appartment (we are 1st home buyers) and received about 3000 for 5 months. If my income is 60K and my partner is 30K so could I calculate our total taxable income as follow: my taxable income = 60K + 3K/2=61.5K and my partner is 30K+ 3k/2 = 31.5K. Hope someone can help us. Thanks

jack313

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