Listing Rented Property


D

Dale Holden

Hi
I have several properties which I rent out as I am trying to build up a
property portfolio. How is the best way to record this in money I have
created an assets account but only have my house in there, do I put the
others in this account?

Also how do record the rent from these properties and have them as part of
my tax return??
 
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D

Dick Watson

I don't know anything about UK tax law, but, in general, create asset
accountd for each asset and look into "clasification" in online help. With
classification, you can assign some information (like Property:321
Shrewsbury Lane) to any transaction. This, in conjuction with many reports,
lets you segregate the source, say, of like expenses like
Housing:Maintenance and Income:Rent Received by classification Property.

Hi
I have several properties which I rent out as I am trying to build up a
property portfolio. How is the best way to record this in money I have
created an assets account but only have my house in there, do I put the
others in this account?

Also how do record the rent from these properties and have them as part of
my tax return??
 

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