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Investment property disclosure

Posted 19 July 2015 under Tax Questions

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Anne says:
18 July 2015 at 12:54

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?

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

TaxTimTaxTim says:
19 July 2015 at 10:19

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.


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