How do you perform tax calculations for property and interest while married in Community of Property



Bella says:
15 February 2017 at 19:34

My husband and I own property, receive interest income and are married in Community of Property. What percentage of the property income, property expenses and interest income should we each include on our Provisional tax under the total turnover and estimated taxable income respectively?

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TaxTim TaxTim says:
16 February 2017 at 7:43

You would each include 50% of the rental income and 50% of the interest in your Provisional Return under Turnover and then under Estimated Taxable Income you would take the Turnover less the 50% of rental expenses and less the interest exempt amount.




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