Statutes, codes, and regulations
Code of Federal Regulations
Title 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENTSubtitle F - FEDERAL TRAVEL REGULATION SYSTEMChapter 302 - RELOCATION ALLOWANCESSubchapter E - RESIDENCE TRANSACTION ALLOWANCESPart 302-15 - ALLOWANCE FOR PROPERTY MANAGEMENT SERVICES
Subpart A - GENERAL RULES FOR THE EMPLOYEE
Section 302-15.13 - What are the income tax consequences when my agency pays for my property management services?

41 C.F.R. § 302-15.13

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Current through September 30, 2024
Section 302-15.13 - What are the income tax consequences when my agency pays for my property management services?

When your agency pays for your property management services, you will be taxed on the amount of expenses your agency pays for property management services whether it reimburses you directly or whether it pays a relocation services company to manage your residence. Your agency must pay you a relocation income tax (RIT) allowance for the additional Federal, State and local income taxes you incur on property management expenses it reimburses you or pays on your behalf.

41 C.F.R. §302-15.13

FTR Amdt. 98, 66 FR 58196, Nov. 20, 2001, as amended at 86 FR 73684, Dec. 28, 2021

Note to § 302-15.13: You may wish to consult with a tax advisor to determine whether you will incur any additional tax liability, unrelated to your agency's payment of your property management expenses, as a result of maintaining your residence as a rental property.