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Cost of rental income tax seems too high

Posted 19 October 2015 under Tax Questions



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Brian says:
19 October 2015 at 9:43

I have declared rental income of a rental income profit of R17445. But SARS are telling me my rental income sent me into another tax bracket and I therefore owe R20308. This seems wrong to me - surely the extra income that is in the new tax bracket should be subject to more tax but I should never make a "loss" by earning more?

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TaxTimTaxTim says:
19 October 2015 at 16:11

Please make use of our Tax refund calculator to work out the tax you should pay on your annual income.

No, you should never make a loss by earning more. However, you will pay tax at a higher rate.


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