Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Percentage of tax on rental profit

Posted 21 September 2015 under Tax Questions


Hello.
Is it me you're looking for?
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your own
Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Lesiba says:
21 September 2015 at 16:45

What is the percentage of tax on rental profit of R58000

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

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 :)


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Hello.
Is it me you're looking for?
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your own
Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE