How rental income is taxed???Tax on rental income

[@happympho3355]

Very informative video, please more videos

[@TAXSHELTER]

Thanks Mpho. On it bhuti.

[@missk649]

Very informative video.. my landlord charges me R3 VAT on my monthly rental feel I wonder If I should be paying it or not and I know it's just R3 but it's still money

[@TAXSHELTER]

Thank you

[@falakhemthethwa3171]

Thank you sisi. I still need some more clarification though. 🙈

[@TAXSHELTER]

Kindly contact [e-mail] for a consultation.

[@sellomoja4148]

Good day, please clarify the rates and taxes, do you mean1. Property rates, Waste management, Water and sanitation? all these form part of rate and taxes bill.

[@TAXSHELTER]

Yes

[@musawenkosimakhoba9028]

Thanks Sisi. Very useful.

[@TAXSHELTER]

I'm glad. Please let me know if there are other topics you would like me to cover.

[@giftlungu3948]

What if I bought the flats via bond? And I am servicing the bond monthly, can I deduct the bond payments?

[@TAXSHELTER]

You can only deduct interest

[@jldp24]

Which is why you should never pay off your property investment...also..property investment sucks

[@luvovellem6232]

Hi Sisis, May i kindly ask if a close corporation copanny earns morethan a million from residential income a year, are they suppose to declare VAT? if yes , can they claim refunds although the income is exempt?

[@KKOPPONG]

All I wanted to know was if rental income falls under personal tax, company tax or capital gains?

[@TAXSHELTER]

If the property is in your personal name, then it will be taxed under your personal income tax. Same with a company etc

[@TAXSHELTER]

Capital gains tax normally comes into play when you sell the rental property

[@KKOPPONG]

@@TAXSHELTER thanks a lot.

[@dorongordon6179]

Hi how do we submit our taxes on e-filing

[@dorongordon6179]

*ment income earned.

[@TAXSHELTER]

Hi there. Please check out the SARS RUclips channel for a step-by-step guide. If you do not want to do that, please share your email and I will send you my rates. Thanks

[@GMrurallife]

Can i add interest paid on loan taken to do renovations or finance purchasing of the house

[@TAXSHELTER]

Interest for renovations no , renovations are regarded as capital expenditure. Interest to finance the purchase is deductible.

[@thobekalanga1452]

What if I bought the property via a Bond (I.e. No title deed)?

[@TAXSHELTER]

I don't understand your question. Please rephrase.

[@lindiwemaleka-qb5it]

Thanks for information ❤

[@TAXSHELTER]

Any time

[@thabodlamini9306]

very informative video👌👌👌

[@TAXSHELTER]

Glad to gear that.

[@thabodlamini9306]

@@TAXSHELTER how do we contact you for tax returns? Thanks

[@lorramokoka7778]

What about people who are renting rooms in the Township's how is SARS dealing with it cause those landlords are paid cash in hands

[@TAXSHELTER]

Sars is in a process of tracking down such people.

[@lorramokoka7778]

@@TAXSHELTER going to be difficult cause they pay cash to go masten.

[@omphemetsechake2839]

Great video...

[@TAXSHELTER]

Thank you

[@noziphokhumalo2963]

Hey sis, do you also provide services to small businesses??

[@TAXSHELTER]

Yes, email me on [e-mail] if you need assistance.

[@gilbertlekwe3862]

Hi I need your help. Been looking for someone who can help me with my tax issues. How does one get hold of you.

[@TAXSHELTER]

Hi. Please email [e-mail]

[@ngaletsaneishmael5166]

Hy Nozii let's say I have 3 sectional titles,they on a loss and, I have to pay tax on them or just disclose only?

[@andycarr4354]

“Ten thousand grand” = Ten Million. Ten Grand = Ten Thousand. Please don’t make this mistake when completing your HMRC Self Assessment!!

[@gaddisspace4629]

I just found my helper… thank you🥺♥️… we will email you.

[@bailey_500klol8]

May i please have your email address. I would need tax services.

[@TAXSHELTER]

[e-mail]

[@zanelesithole4669]

I cannot even explain how this has helped me.
I have sent you an email, please do kindly get back to me, I really need your assistance with my rental income tax returns