Is occupation rent an allowable deduction against rental income?

By Alicia Human · Updated 24 February 2017

Wally said:
23 February 2017 at 22:54

Is occupational rent paid to a developer, of a new-build property, an allowable expense to deduct from taxable rental income? The property in question was rented out in the same tax year as occupational rent was paid.

TaxTim Alicia said:
24 February 2017 at 9:47

Is the occupational rental for your business or personal use?

Wally said:
24 February 2017 at 11:54

For business

TaxTim Alicia said:
24 February 2017 at 12:06

If the rental is business related, then it would be a deductible expense.
You would declare this within the local business section of your tax return (ITR12).

You would declare the rental income in the rental income section of your tax return.

Wally said:
24 February 2017 at 14:17

Thank you that is really helpful

TaxTim Alicia said:
24 February 2017 at 16:40

Only a pleasure!

Deductions

Rental Income

Dividends

Depreciation / Wear and Tear