Must You Pay Tax on Your Rental Income?

KVV Inc Attorneys

Published on: 04/03/2025

Rental income is taxable and must be declared. While some expenses like bond interest and rates can be deducted, capital improvements cannot. Tax laws are complex, so professional advice is crucial. Keep detailed records of all income and expenses from day one to avoid tax headaches. Don't forget provisional tax if your rental income exceeds R30,000 annually.