Andrew owns a house which he lets to tenants. Rent is payable quarterly in advance on 1

Question:

Andrew owns a house which he lets to tenants. Rent is payable quarterly in advance on 1 January, 1 April, 1 July and 1 October. The rent was £8,000 per annum until it was increased to £8,800 per annum with effect from 1 January 2018 . Ren t received by Andrew during 2017-18 was as follows:

image text in transcribed

Andrew did not receive the payment due on 1 April 201 8 until 7 April 2018 . Compute his property income for 2017-18, working to the nearest month and assuming that the only expenditure incurred during the year was buy-to-let mortgage interest of £4,100.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: