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Can i setoff my personal rental against the rental income of my only property?

Posted 19 May 2016 under Tax Questions



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Muller says:
13 May 2016 at 23:55

I built a home, had to move for work and am currently renting out my primary and only property for R16500 per month. In the area to which I moved for my new job I now rent a flat for R10 000 per month. Is there any differentiation in SARS for this scenario or is it regarded as an income of R 16500, I don't mind paying tax on the difference, but it feels like exploitation if I need to pay tax on the full amount of rent earned, I spend R 10 000 on having a place to stay!

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TaxTimTaxTim says:
15 May 2016 at 16:41

Unfortunately the rental income and the amount you currently pay for rent is separate and cannot be offset. Does your employer not assist with your rental paid given it is work related?


Muller says:
15 May 2016 at 20:52

No my employer does not pay my rent, however I could request for my package to be restructured if there would be a tax benefit to it being done in this manner.
Can you provide me with a source of information in this regard?


TaxTimTaxTim says:
19 May 2016 at 8:34

If you are working away from home for the purpose of business then the company could pay you a Subsistence Allowance which could cover some of your costs for working away from home.


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