What to know
- Potential deductions can include qualifying rates, bond interest, advertising, agency fees, insurance, garden services, repairs, security and levies.
- Bond capital repayments are not the same as deductible bond interest.
- Improvements are generally capital rather than a current rental deduction, although they may affect base cost for CGT.
- Where only part of a property is rented, expenses may need to be apportioned.
Professional advice
This guidance is general information. Where legal, tax, structural, compliance or regulated-work consequences may apply, obtain advice from an appropriately qualified professional for your circumstances.
Research anchorSARS Tax on Rental Income guidance.
Important Information
The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.
