Ah okay. So, for example, if you earned a gross salary of R 5000.00 and have a property that you rent out for R 5000.00 per month, at the end of the year, when submitting your tax return, you would submit R 60 000.00 under 'other income'?
Could the addition of rental income push you into a higher tax bracket?
TaxTimsays: 20 July 2015 at 21:17
Yes that is correct, this would then push you into the R120 000 earnings which would mean your taxes would be higher then if you just earned R60 000. You can make use of our SARS income tax calculator to work out what the taxes would be.
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