Tax on rental income
By Alicia Human · Updated
I have a friend that wants some advise, she owns a business, her husband owns a business. They own property where tenants live. My question is, if they married in community of property who should declare that rental income.
They should both declare the rental income in their tax return but they must indicate they are married in community of property and then SARS will split it 50:50 on assessment.