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Is rental income taxable if i'm renting somewhere else?

Posted 21 August 2015 under Tax Questions



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Khangwelo says:
21 August 2015 at 10:24

I bought a property and after a year, I decided to let it out and go rent somewhere, so now that am earning rental income on my property, i'm I liable to pay tax on the rental income received?

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TaxTimTaxTim says:
21 August 2015 at 11:15

Yes, the rental income is taxable and will need to be declared in your Tax Return.
Please see further clarification below.
Rental property deductions

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