How to file KRA monthly Rental Income tax on itax for Landlords and plan your taxes in Kenya 

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Always waiting thanks

Glad you found it informative Daniel!

Thanks Brenda. Chokoza kabisa.

🤣🤣. I enjoyed the video though. Informative and straightforward

You need to buy the teacher coffee then for making good content and wenging 😆.

Haya tuma number

Hello Sivel! Was the application approved by KRA?

Hey, after applying it said something like approved and it generated a receipt, how can I get to know if it was approved?

They only apply in the annual regime. For MRI, no expenses are allowed.

I understand but the mri still has to pay land rates, insurance even after paying tax. Yes?

@@TheKassidy01 That's right.

If the variables are constant then mri probably will spend 665k on both tax and expenses

That's right Brain.

Hello Aisha! Here you go. Call / WhatsApp: +254710678324 or Email: consult@cleartax.co.ke

Hello Naomi! I get your description. What's the question?

I'm asking what will I file and the rent received goes to clear an outstanding loan

@@MyTaxAdvisor Also what happens if a house is vacant in a particular month

It's a tradeoff. If you choose monthly rental income tax, you loose the right to deduct the interest charge from rent earned. If you go the annual regime way, you get to deduct the loan interest charge. So it would depend with what your overall earnings are saying. You might want to schedule a consultation with me here 👇 calendly.com/cleartax-consultancy/30min

Hello, it is effectively 30%.

Hello Johnson! Yes you pay, - vat monthly &, - rental income corporate tax of 30% at year end after deducting business expenses.

No.

KINDLY HELP

What's the question?

Are landlords that collect less than 24000 subject to resident rental tax? kindly.

No, Josphat!.

Hello Simon, Reach out to kra for cancellation of that obligation.

You need to determine: - Yearly rent income earned - Yearly allowed expenses - Yearly profit made - Tax on that profit. I offer rent income tax return preparation service. You may want to reach out to me on +254710678324.