if I have building which I bought only for rental purpose and when its price rises I will sell it,
How to treat the rental income and the profit on sale of building in cash flow as operating or investing
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Building let out ind as 7
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If letting out is your sole occupation you will show the rental income as operating activity or else in investing activities., sale of building/asset will be shown under investing activities unless trading in buildings/houses is your occupation...hope I am clear...
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