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Percentage of tax on rental profit

Posted 21 September 2015 under Tax Questions


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Lesiba says:
21 September 2015 at 16:45

What is the percentage of tax on rental profit of R58000

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TaxTimTaxTim says:
21 September 2015 at 17:32

It depends on the other income (if any) that you earn. The rental income will be added to your other income and will be taxed at the same marginal tax rate.

Please remember you can claim Rental property expensesagains the rental income in order to reduce the taxation due.


Lesiba says:
21 September 2015 at 17:57

Thanks so much Tim


TaxTimTaxTim says:
21 September 2015 at 18:13

Only a pleasure!


Lesiba says:
21 September 2015 at 20:31

My life is going to be easy next year with you by my side.you are the best thing to ever happen to me in as far as tax matters are concerned.


TaxTimTaxTim says:
21 September 2015 at 22:22

That's good to hear :)


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