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

Investement at a loss. How do I claim on my income tax return?

Posted 2 July 2014 under Tax Questions


Hello.
Is it me you're looking for?
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your own
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 →
How do I complete my tax return if I have property that I am renting out at a loss. (Investment at a loss).
What are all the costs that I can claim for .

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

TaxTimTaxTim says:
2 July 2014 at 13:50

You can claim for the interest on the bond, the electricity, rates, management fees, repairs, levies - anything that you spent on earning that rental income.


Jainita says:
30 July 2014 at 11:55

Thank you tax Tim

Do I specify on my form what the rental income of the property is?
Where do I specify that ?
When I am oing my efiling


TaxTimTaxTim says:
30 July 2014 at 12:46

You put the rental income under the "local business income" section of the return and include the rental income under "Other income"


Jainita says:
30 July 2014 at 14:44

Thank you

Where do I include on the form my monthly bond repayment on the property that I am receiving the rental income on.


TaxTimTaxTim says:
30 July 2014 at 21:59

You cannot include the bond repayment, only the interest on the finance charges block. Capital repayments are not allowed to be claimed as a deduction.


Jainita says:
31 July 2014 at 9:17

Thank you very much. I thought so.
Your assistance has been very helpful.


TaxTimTaxTim says:
31 July 2014 at 13:27

Only a pleasure!


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 →

Hello.
Is it me you're looking for?
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your own
Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE