Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Do I need to submit tax return for rental income (only income apart from maintenance) of R80 000?

Posted 10 August 2014 under Tax Questions


Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
I am divorced, not employed and receive monthly maintenance - which is tax free as far as I know? Only other income from rental (annual total for 2014: R80 000). Do I need to submit a tax return?

This entry was posted in Tax Questions and tagged , , , . Bookmark the permalink.

TaxTimTaxTim says:
10 August 2014 at 20:13

What was the profit from your rental income, or was the profit R80000?


Dorothy says:
10 August 2014 at 21:09

Not sure what is deductable? Tax on property paid R6176, maintenance done R6000, bond instalments R67 200 (bond = R550 000)


TaxTimTaxTim says:
10 August 2014 at 21:50

You can deduct all the expenses like levies and taxes etc, however only the interest on the bond can be deducted not the actual capital repayments.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE