Tax Example: Rent
September 25, 2006
|Non-resident couple's joint monthly rental income1||US$1,500||US$6,000||US$12,000|
|Annual Rental Income||18,000||72,000||144,000|
|= Taxable Income||-||-||-|
|Income Tax Rates2|
|No tax on rental income||-||-||-|
|Annual Income Tax Due||US$0||US$0||US$0|
|Tax Due as % of Gross Income||nil||nil||nil|
DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on September 25, 2006.
1 The property is jointly owned by husband and wife.
2 No tax is imposed on rental income.