Is rental income taxable if i'm renting somewhere else?
By Marc Sevitz · Updated
I bought a property and after a year, I decided to let it out and go rent somewhere, so now that am earning rental income on my property, i'm I liable to pay tax on the rental income received?
Yes, the rental income is taxable and will need to be declared in your Tax Return.
Please see further clarification below.
Rental property deductions
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Please see further clarification below.
Rental property deductions
Please register for TaxTim and let us assist you to complete and submit your Tax Return. Register for TaxTim