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Aisha ltd owns a number of housing units in Kampala city which she lets out. The following was reported for the year ended 30 th

Aisha ltd owns a number of housing units in Kampala city which she lets out. The following was reported for the year ended 30th June 2020.

Location of property

Number of units

Rent per month per unit

Bugolobi

Bukoto

Kireka

Muyenga

3

500,000

4

600,000

6

250,000

7

800,000

Additional information;

The following expenses were incurred during the year in the provision of the housing units to generate income.

General expenses

600,000

Cleaners wages

Utilities

Stationery

Garbage collection

8,758,000

2,000,000

625,000

1,750,000

Two houses in Kireka and 3 units in Muyenga were not in use for the 3 months and 4months periods respectively

Required;

I. Compute Aisha Ltd taxable rental income and tax liability for the year of income ending 30th June

2020

II. Supposing the properties were for Aisha a non-resident, would the taxable income and tax liability be of any difference. Justify.

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