Hi All,
That time of year again,
Have my form 12 more or less completed for an income i get on a rental property.
I just have a question about the USC on this income.
From what i understand the USC is charged on the income after "repairs", "interest" and "other", but before CapitalAllowances. Am i correct on this?
Also, do i just work out the USC amount owed and add it to the 40% tax i already owe?
I don't see anywhere on the form that it asks you to fill in details of it so just wondering how that works?
Thanks