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Tax on rental income

Posted 12 May 2016

No said:
11 May 2016 at 15:23

I have a friend that wants some advise, she owns a business, her husband owns a business. They own property where tenants live. My question is, if they married in community of property who should declare that rental income.

TaxTim Alicia TaxTim Alicia said:
12 May 2016 at 9:22

They should both declare the rental income in their tax return but they must indicate they are married in community of property and then SARS will split it 50:50 on assessment.

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