Day 3. Income Tax Liabilities

C3. Income from property, savings and investments

a) Identify property income assessable
    i) furnished and unfurnished property 
    ii) premiums from short leases
b) Outline the deductions allowable
    i) revenue expenses
    ii) capital allowances
    iii) replacement furniture relief
    iv) repairs and renewals
    v) restriction for private use.
c) Describe rent a room relief.
d) Explain the treatment of furnished holiday lettings.
e) Understand how relief for a property business loss is given.
f) Identify tax-free investments.
g) Identify the source documents used to complete the tax return.