Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Inland Revenue Tax Dates and Deadlines in your Inbox
 

We'll tell you when tax season is open and when it closes. Nothing more.
Try Tim now

Rental income from a second property.

Posted 10 June 2016 under Tax Questions

Yoyo says:
10 June 2016 at 11:36

Am I a provisional taxpayer if I made a loss out of my additional property I'm renting out. And also what can I deduct as expenses from my rental income.

This entry was posted in Tax Questions and tagged , , . Bookmark the permalink.

TaxTimTaxTim says:
10 June 2016 at 12:56

You will only be required to register as a provisional taxpayer if you earn additional N$5,000 outside of your employment.

Expenses you may claim against rental income include rates and taxes, insurance, water and electricity, repairs, interest on the mortgage bond, etc.

Be careful of your losses being ring-fenced - for more details, see our article on Ring-fencing.

Hope this helps.


Get Inland Revenue Tax Dates and Deadlines in your Inbox
 

We'll tell you when tax season is open and when it closes. Nothing more.