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How does my tax work if I am the sole proprietor and sales person of my estate agency?

Posted 28 April 2014

I am a principal of my own estate agency. I work alone. How does my tax work? As a sole proprietor I am not certain, as I do all the selling myself?

TaxTim TaxTim says:
30 April 2014 at 7:58

Is you agency a registered entity or your own business in your name?

Fishy says:
30 April 2014 at 8:05

I am just registered with the EAAB, nowhere else.

TaxTim TaxTim says:
30 April 2014 at 8:12

Then you would be taxed as normal individual as per the tax tables announced in the 2015 Budget. You would need to register as a provisional taxpayer and file three returns a year.

All expenses directly related to earning your income can be claimed as deduction against the income earned.

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