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TaxTim 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. |
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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 |
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TaxTim 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" |
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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. |
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TaxTim 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. |
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Jainita says: 31 July 2014 at 9:17 Thank you very much. I thought so. Your assistance has been very helpful. |
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TaxTim says: 31 July 2014 at 13:27 Only a pleasure! |
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