Tax On Rental Income

The study found that the average taxable income reported by the bottom 10 per cent of households was more than 170 per cent of family wealth

For property bought as resident or inherited, up to $1 mn can be sent each year

Rental income of retail malls is expected to increase by 30 per cent in this financial year compared to the last year mainly driven by pent-up demand, vaccination cover and resumption of multiplexes

For individuals, the safe option is to offer rent as income from house property