My husband just filed his 2023 tax return. He is non-resident, so since 01/07/2023, he has been paying NWLT of 20% of his portion of the rental income.
He will pay NLWT each month in 2024 for 20% of his portion of the rental income, so once any expenses/repairs etc are included in the tax return, he will always be in a refund position. He has paid preliminary tax for 2024 but I'm wondering in light of NLWT, is this still necessary?
Nutso
He will pay NLWT each month in 2024 for 20% of his portion of the rental income, so once any expenses/repairs etc are included in the tax return, he will always be in a refund position. He has paid preliminary tax for 2024 but I'm wondering in light of NLWT, is this still necessary?
Nutso