Taxable Rental Income

By Marc Sevitz · Updated

Jeremy

Jeremy said:
11 October 2015 at 14:08

I'm currently renting a property in Johannessburg, but I'm also letting out a property. Can I use my rental expense to offset my rental income from my other property?
TaxTim Marc

TaxTim Marc said:
11 October 2015 at 17:35

Unfortunately not, personal and rental property income are not able to be set off.
Jeremy

Jeremy said:
12 October 2015 at 9:33

Thanks guys. That was a nice fast and clear response
TaxTim Marc

TaxTim Marc said:
14 October 2015 at 11:14

Only a pleasure!