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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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TaxTim 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. |
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Richie says: 11 June 2015 at 12:19 Thank you TaxTim, Very speedy and helpful response |
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TaxTim says: 11 June 2015 at 17:37 Only a pleasure! |
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