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Is rental income taxable if i'm renting somewhere else?

Posted 21 August 2015 under Tax Q&A


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Khangwelo says:
21 August 2015 at 10:24

I bought a property and after a year, I decided to let it out and go rent somewhere, so now that am earning rental income on my property, i'm I liable to pay tax on the rental income received?

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TaxTim TaxTim says:
21 August 2015 at 11:15

Yes, the rental income is taxable and will need to be declared in your Tax Return.
Please see further clarification below.
Rental property deductions

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235 DAYS
LEFT OF
TAX SEASON
2017


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