I am in the US on a work visa. I have not been back to US in over 2 years. I have South African rental income for the 2014 tax year but no salary income. Where do I declare my foreign income on my ITR12? Is it under SARS code 4222 or Exempt Amount i. T. O. S10(1)(o), or both?
TaxTim Marc said: 2 March 2015 at 7:20
Rental income is declarable and tax payable regardless of where you are in the world. You would declare it under the "local business income" section of the return.