|
Registered
Join Date: Oct 2011
Location: Edmonton Canada
Posts: 5,970
|
Rev. agency I believe is looking for obvious discrepancies. As long as you have proof that you have done nothing wrong then there is nothing to fear. For many years in the UK my mother had her rental house rented out and the rent was declared for income tax purposes.
The audit came about because a new tenant paid the first months rent and damage deposit and for the rest of the year paid no rent. He was a drug addict. Uk tax dept. jumped on her and asked where was the rent. My mother explained the situation with the tenant and the Govt. auditor said no problem. As long as there is proof of no wrongdoing on your part then there is no problem.
Cheers, Guy.
|