Accounting, Tax, Bookkeeping and Payroll Solutions. Specialist accounting and financial solutions for property owners, investors, landlords, and individuals.
← Return to Home PageRental income must be declared as part of your taxable income to SARS, whether earned locally or abroad. Non-declaration can lead to penalties or legal action. Rental earnings are added to your personal taxable income, and landlords with higher revenue may need to register as provisional taxpayers.
Landlords can deduct legitimate expenses related to earning rental income, including:
Maintain accurate records to substantiate deductions, as SARS may disallow unsupported claims.
SARS requires rental records to be kept for at least five years, including:
Digital recordkeeping is highly recommended for audits and tax submissions.
The proposed VAT increase was cancelled, keeping VAT at 15%, which benefits commercial property investors and tenants by stabilizing indirect taxes.
Non-residents earning rental income in South Africa must comply with SARS rules, including the Approval for International Transfer (AIT) PIN for remittance of income abroad.
Landlords whose rental income pushes total taxable income above thresholds must submit provisional tax payments (two interim payments plus a final reconciliation) to avoid underpayment penalties.