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Do I need to submit tax return for rental income (only income apart from maintenance) of R80 000?

Posted 10 August 2014

I am divorced, not employed and receive monthly maintenance - which is tax free as far as I know? Only other income from rental (annual total for 2014: R80 000). Do I need to submit a tax return?

TaxTim Marc TaxTim Marc said:
10 August 2014 at 20:13

What was the profit from your rental income, or was the profit R80000?

Dorothy said:
10 August 2014 at 21:09

Not sure what is deductable? Tax on property paid R6176, maintenance done R6000, bond instalments R67 200 (bond = R550 000)

TaxTim Marc TaxTim Marc said:
10 August 2014 at 21:50

You can deduct all the expenses like levies and taxes etc, however only the interest on the bond can be deducted not the actual capital repayments.

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