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11-08-2018, 05:28   #1
beaufoy
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declaring tenancy deposit on tax form

Does the LL declare as income when the deposit is received and expence when paid back
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11-08-2018, 08:43   #2
DubCount
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No.  Its not income.  Only if some/all of the deposit is retained against unpaid rent/repairs does it become income.
Think of it like a loan, there is an expectation it will be repaid.
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11-08-2018, 08:59   #3
Glass fused light
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Nope, it's not your money, just resting in your account, and hopefully if all goes well will be repaid back in full at the end of the lease.
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