[Code of Federal Regulations]
[Title 41, Volume 4]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 41CFR302-15.13]

[Page 245]
 
           TITLE 41--PUBLIC CONTRACTS AND PROPERTY MANAGEMENT
 
                   CHAPTER 302--RELOCATION ALLOWANCES
 
PART 302-15--ALLOWANCE FOR PROPERTY MANAGEMENT SERVICES--Table of Contents
 
                Subpart A--General Rules for the Employee
 
Sec. 302-15.13  What are the income tax consequences when my agency pays for my 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. 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.