Rental income tax calculator| Rental Income Calculator

Rental Income Calculation

For determining proposed monthly rent chargeable to the company
Monthly Market Rental Value of the above property
How many rooms does the property have (exclude bathrooms and kitchen)
Rooms available for business use
Business Use of Property (Percentage)
Are the rooms exclusively used for business?
If answer to 5 is No, please confirm the number of days in a week the room is used for business
Please confirm the number of hours the room is exclusively used for business on any of the the above given day?

The calculator is for illustrative purposes only, for a detailed calculation please contact us or speak to your advisor.*

Example

"If the market rental value of the property is £1000 and it comprises of 4 rooms and 1 room is let exclusively for company’s use then the rent would be £250 per month. If this is being let only for certain hours for example 8 hours a day, 7 days a week and is used for other purposes outside these hours, then the rent will be apportioned: £250* (2920/8760) = £83.33 per month."

Rental Income Calculation

Amount that can be charged as monthly rent to the Company