27th Jan 2020

Is Indian Property tax an expense or tax?

Is Indian property tax treated as an expense like rates, or as foreign tax paid?

I have copy of Indian tax return entries, but have been advised by client the property tax forgotten by Indian accountant.

Should I increase expenses, or treat as extra foreign tax paid?

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By accountantccole

27th Jan 2020 11:16

We treat the French property taxes as expenses as it's the equivalent of rates

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By paul.benny

27th Jan 2020 11:31

Agree with accountantccole.

Taxes are normally only reported as tax when they are related to profits.

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By The Dullard

27th Jan 2020 13:38

So, everybody's quite happy with the OP using cucumbers to make banoffee pie, are they?

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Replying to The Dullard:

By Tax Dragon

27th Jan 2020 17:39

You could probably get away with it as decoration on a key lime pie.

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Replying to Tax Dragon:

By The Dullard

29th Jan 2020 13:51

Or even grasshopper pie.

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By Montrose

29th Jan 2020 13:06

See
https://www.gov.uk/hmrc-internal-manuals/double-taxation-relief/dt9551

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