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Earned from leasing out commercial spaces such as office space, stalls, booths, apartments, condominiums, etc​.

Sagot :

GenuisPandaidn

Question:

  • Earned from leasing out commercial spaces such as office space, stalls, booths, apartments, condominiums, etc​.

Answer:

Rent Income

  • Any money you get for the use or possession of property is referred to as rental income. Rental expenses can be subtracted from your overall rental revenue. Rental expenditures are normally deductible in the year they are incurred. It may also be obtained through leasing commercial premises such as office space, stalls, booths, flats, condominiums, and so on.
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