Income tax on rent, worked example, in South Africa
January 09, 2018
DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on July 7, 2016.
1 The property is jointly owned by husband and wife, but then taxed separately (50% upon each partner).
2 Exchange rate used: 1.00 US$ = 14.00 ZAR
3 Estimated values only. Only expenses actually incurred may be deducted such as repairs and maintenance, insurance, collector´s commission and bank charges.
4 Rental income earned by nonresident individuals is taxed at progressive rates.