Tax on rental income for a non resident

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This topic contains 2 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 2 months ago.

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  • #57767
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello

    Can anyone clarify the following please

    as a non resident renting out a property is the tax at 24% paid on the gross income or the net income after expenses ?

    ( assumes the non resident is a resident of the EC )

    Thanks

    Andy

  • #118036
    Profile photo of Anonymous
    Anonymous
    Participant

    Net income. There are some deductible expenses, though not all expenses are deductible.

  • #118382
    Profile photo of Anonymous
    Anonymous
    Participant

    The tax is 24.75% of allowable net income.

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