uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more x
Post Reply  
Thread Tools Search this Thread
11-08-2018, 05:28   #1
Registered User
Join Date: Dec 2014
Posts: 181
declaring tenancy deposit on tax form

Does the LL declare as income when the deposit is received and expence when paid back
beaufoy is offline  
11-08-2018, 08:43   #2
Registered User
DubCount's Avatar
Join Date: May 2016
Posts: 313
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.
DubCount is offline  
Thanks from:
11-08-2018, 08:59   #3
Glass fused light
Registered User
Glass fused light's Avatar
Join Date: Aug 2016
Posts: 995
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.
Glass fused light is offline  
Thanks from:
Post Reply

Quick Reply
Remove Text Formatting

Insert Image
Wrap [QUOTE] tags around selected text
Decrease Size
Increase Size
Please sign up or log in to join the discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Share Tweet