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Written question asked by Lord Campbell-Savours (Labour), in the House of Lords. It was answered by Lord Myners (Labour) on Monday, 10 November 2008.


Taxation: Residential Development

Question
asked Her Majesty's Government:What information they collect on taxation receipts arising out of rental income from residential development.
Answer

Unincorporated taxpayers are required to declare aggregated details of their rental income and associated expenses on the self-assessment tax return. Similarly, corporate taxpayers are required to declare their income from land and property. Taxpayers are not required to report the type of property giving rise to rental income.


Secondary information

Type
Written question
Reference
705 c112-3WA; 6045
Session
2007-08
Subjects
Income Taxation Rented housing Rents
Link
View this Written question on www.publications.parliament.uk