FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


How is income taxed on a shared property?

Posted 17 January 2017

Apple said:
17 January 2017 at 11:35

My wife and I have a property registered in both of our names that we would like to rent out. Will this income be taxed in both of our names (i. E. 50% to each of us) even if the actual income is only deposited into my bank account?

TaxTim Alicia TaxTim Alicia said:
17 January 2017 at 12:59

You and your wife are required by SARS to both declare the total income on your return, deduct the expenses and then declare that you have a 50/50 partnership, SARS will then only take 50% of this income into account on either of your returns.

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.





Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.