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Monica says: 9 August 2015 at 16:17 I have a rental property which I have been receiving income for in the last tax year. This is the first year that I have owned and rented the property. I also earn income from an employer but have paid PAYE on this income. The tax return is easy enough without the rental income and expenses but I need help presenting the income and allowable expenses related to the rental income. Does your lite service include accounting for income and expenses for a rental property? I have all the information about expenses, interest, rates and taxes etc for the year but am not sure how to present these on the tax return. |
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TaxTim says: 11 August 2015 at 11:02 The rental income and related expenses should be reflected on the tax return under the section "Local Business Trade and Professional Income". We can however certainly assist you to include these details in your tax return. Please register for TaxTim at the link below. Register for TaxTim |
