A South African woman used social grants to make R18,000 per month tax-free

  • Thread starter Thread starter Shaun Jacobs
  • Start date Start date
Shaun Jacobs said:
A South African woman used social grants to make R18,000 per month tax-free

A woman in Khayelitsha used her monthly social grant payments to buy building materials on lay-by to build six rooms, which she now rents out for R3,000 per month.
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build six rooms, which she now rents out for R3,000 per month.

As a result, she nets R18,000 per month,
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That implies that she has no expenses, which is illogical. She earns R 18 000 per month in revenue, but her not profit should not be R18 000 per month.
 
Azbubu said:
It’s probably not even a real person but a fictional character Allcock created to use as an example in his book.
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Perhaps, yet that doens't make the example untrue, its quite widespread.

Even RDP housing, they rent it to others and or build additional units on the property for rent etc etc

Fair play I say, making their way themselves instead of the traditional sit and wait for someone to give.

Like those articles with people in poor living saying things like they have been waiting for the ANC to build them a house for decades now...

Eish, sorry neh.
 
cr@zydude said:
That implies that she has no expenses, which is illogical. She earns R 18 000 per month in revenue, but her not profit should not be R18 000 per month.
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At least they've upgraded from "makes" to "nets".

Even though you're correct and it makes zero sense...as usual.
 
How is R18k per month tax free?
SARS will be knocking on the door
 
A3@MBB said:
How is R18k per month tax free?
SARS will be knocking on the door
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Would need to be declared. Even if she does, if she offsets her running expenses its likely to be below threshold I think. She would be taxed on profit.
 
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