Smiley says: 19 May 2015 at 13:21 Hi Tim I have a student who is paying me rent in a 2 bedroom semi-detached. He started paying rent in February 2015 when do I have to register as a provisional taxpayer? Is it only once you've earned more than R30 000 for that year? Then I will have to register next year then in Feb 2016? |
TaxTim says: 20 May 2015 at 11:26 Yes, you would only need to register once you hit that threshold. However you will still need to declare the rental income less any expenses in each tax return. |