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Rental income, less deductions less than cap, must I register for Provisional Tax

Posted 23 June 2015 under Tax Questions


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Richie says:
10 June 2015 at 15:52

I receive a salary and I recently started renting out my flat (which I resided in as primary residence, until September 2014, rented out since October 2014). I received a Rental income of R40000 for the 2014-15 tax year, the property is still under bond and there was maintenance costs etc. . Which means im still making a "loss" . (i. E. Rental Income of R40000, deductions of R50000, nett -R10000)

1. Must I still register for Provisional Tax?
2. If 1, am I late for Feb, Aug Provisional tax payment deadlines?

Thanks Tim

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TaxTimTaxTim says:
11 June 2015 at 12:13

No you will not need to register for provisional tax, this would only be required where you begin making profits over R30 000.


Richie says:
11 June 2015 at 12:19

Thank you TaxTim, Very speedy and helpful response


TaxTimTaxTim says:
11 June 2015 at 17:37

Only a pleasure!


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