Rental properties are evergreen investments in South Africa. From family homes and apartments in established suburbs to sought-after coastal properties that attract a significant rental premium, this asset class offers the stability of property with the potential to earn good monthly returns as the value of the property increases over time.
If you are a rental property owner or are thinking of investing in one, bear in mind that a secondary rental property is not without its tax implications. By understanding how to declare income and expenses on your rental property, you’ll be able to take advantage of your investment without worrying about taxation difficulties. Continue reading “The Tax Implications of a Rental Property”