Question

How would you determine the annual value of house property, which is selfoccupied for a part of the year only and let out for the remaining part.

22 Sep 2022
Answer :
Word Count : 354

The annual value of a house property that is self-occupied for a part of the year and let out for the remaining part is determined based on the following steps:

  1. Calculating the expected rent: The expected rent of the house property is calculated by taking into consideration the prevailing market rent for similar properties in the same area.

  2. Deducting municipal taxes: The expected rent is reduced ___ _____ _____ ________ ________.
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