OneFileMoney‹ All calculators · Property and other
Rental income
Rent is taxable, but you can deduct the costs of earning it. If you only let part of the property, only that share of the costs counts.
Extra tax on the rentalR8,792Rental profit R28,360
- Rent receivedR108,000
- Agent's commission-R8,640
- Bond interest, rates, insurance (100%)-R66,000
- Repairs and other costs-R5,000
- ProfitR28,360
How it works, with your numbers
- Rent: R9,000 × 12 months = R108,000.
- Running costs for the year × 100% let: R66,000.
- Commission 8% of rent: R8,640. Repairs and other: R5,000.
- Profit: R28,360, added to your other income of R400,000.
Good to know
- Improvements (a new kitchen, an extension) aren't deductible against rent: they're added to the base cost for capital gains when you sell.
- A rental loss can usually be set off against your salary, but SARS can ring-fence repeated losses for high earners.
- Rental income isn't taxed through PAYE, so you'll likely need to pay provisional tax.
Uses SARS rates for the 2027 tax year. For illustration only. This is a guideline to help you plan, not tax advice: a registered tax practitioner must review and approve the final figures before you file.