I bought an investment property in the 2015 tax year. About 3 month's after registration a family member of mine lost their house due to retrenchment and I offered them my house to stay in. They do not pay rent seeing that they do not have an income.
Do I disclose this property to SARS if I'm not getting any income from it?
You don't need to disclose this property to SARS unless you are earning rental income from the property, or if SARS asks for your statement of assets and liabilities as a result of you running a business in your own name / being a director of a company / member of CC.
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.