Dharmita says: 24 November 2015 at 20:01 How do I calculate rental income? Is this calculated as follows or is it different? Rental Income = Bond Repayments - Rental income. If it is positive it will be a profit, if negative it will be a loss? |
TaxTim says: 24 November 2015 at 21:38 Rental profit = rental income less the interest on the bond repayments less any other rent related expenses. Please read our blog on Rental property deductions to find out more. |