(especially in legal usage) a person who purchases or contracts to purchase; buyer. Origin of emptor. 1870-1875. 1870-75; < Latin: buyer, equivalent to em(ere) to buy + -tor -tor, with intrusive -p-. Examples from the Web for emptor.
Taxes. Because rent is considered income, it is taxable to the extent that your income is taxable. For example, if your income (including rent) minus any allowable exemptions and deductions is still taxable, then your rent is taxable. However, if you also use the rental property as your home, and you rent it out less than 15 days out of the year, then the rent you collect is not considered part of your income.
Rental income received by tax residents is subject to personal income tax at the rate of 13 percent. Rental income derived by tax non-residents from property located in Russia is taxable at the rate of 30 percent. Rental expenses (e.g., mortgage interest, maintenance and utilities costs) are generally not deductible for tax purposes.