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Rental Income & Rental Expenses, where do I include them in my tax return?

Posted 30 April 2013

Where exactly do I complete these amounts? My annual rental income is R50k.

TaxTim TaxTim says:
30 April 2013 at 15:11

You would include the rental income under the "local business income" section of the ITR12 (tax return). The income would be included in the box, "Income other than Turnover" and then you can also include any expenses you had in earning this rental income in the relevant boxes.

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