Do I need to submit tax return for rental income (only income apart from maintenance) of R80 000?
By Marc Sevitz · Updated
What was the profit from your rental income, or was the profit R80000?
Not sure what is deductable? Tax on property paid R6176, maintenance done R6000, bond instalments R67 200 (bond = R550 000)
You can deduct all the expenses like levies and taxes etc, however only the interest on the bond can be deducted not the actual capital repayments.