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What is the income tax on property lease in 2019? How is the income tax on property lease calculated

Income from property leasing refers to income derived by individuals from leasing buildings, land use rights, machinery, equipment, vehicles and ships and other property. Property includes movable and immovable property. How to calculate personal income tax on income from property leasing? Personal income tax calculation formula for property rental income let's have a look!

Calculation formula

Taxable income = income from property lease (no more than 4000 yuan) - 800 yuan

Taxable income = income from property lease (more than 4000 yuan) & times; (1 - 20%)

Taxable amount = taxable income & times; 20%