No imputation of rental income if property not usable
Technical details
Summary
The consultant asks whether rental income from a foreign property not rented or occupied should be reported. The DGT responds that no imputation will occur if it is proven that the property is under construction or not usable due to urban planning reasons.
In 5 key points
How it affects those involved
Rental income from unoccupied or under-construction foreign properties will not be imputed if usability is proven.