Joseph is employed with NSM limited and earns a gross monthly salary of one million from which he pays as you earn , National social security fund and local service tax. Joseph stays in a one bedroom house in Kampala and pays his landlord Moses 350000 as a monthly rent. Moses acquired land in kampala a few years ago and just recently built five rentals at a total cost 180million (without borrowing) he stays in one of the one unit and rents the other four units at 150000 per month each but Incurs 800000 in expense for running the rental project. There are also two other rental structure that he built in jinja 5years ago. Each of these structures has five rental units of which he let out for 250000 per month actual annual expense of running each structure is 600000.
Joseph is employed with NSM limited and earns a gross monthly salary of one million from which he pays as you earn , National social security fund and local service tax. Joseph stays in a one bedroom house in Kampala and pays his landlord Moses 350000 as a monthly rent. Moses acquired land in kampala a few years ago and just recently built five rentals at a total cost 180million (without borrowing) he stays in one of the one unit and rents the other four units at 150000 per month each but Incurs 800000 in expense for running the rental project. There are also two other rental structure that he built in jinja 5years ago. Each of these structures has five rental units of which he let out for 250000 per month actual annual expense of running each structure is 600000.
A) how much rental income tax should Moses pay in a tax year?
B) how much rental income tax should be paid if those buildings are in the names of joana limited?
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