SARS property question

[mercurial]

Hi guys

Someone mentioned to me that we can enter property details into SARS e-filing (the amount of the property). I just wanted to know where do I fill this in and which code do I use for it? Is it under deductions and contributions? Also, is there any chance that I would get money back by entering this info or should I just leave it?

Thanks!

 

[durbandave]

As in you have sold your property/renting out property/buying property?

If sold property there is a threshold on capital gains tax for a limit. Renting out I assume would probably fall under other income(but amounts you have paid for property maintenance etc can be claimed as deductions)

Need to be a bit more specific in terms of what you are trying to do?

 

[mercurial]

Sorry, I meant to say if I've bought a property and am renting it out, is there any benefit to adding that into e-fliling?

 

[R13...]

Sorry, I meant to say if I've bought a property and am renting it out, is there any benefit to adding that into e-fliling?

You're supposed to declare rental income. At the top you indicate Yes under professional income and it creates the form so there's fields to declare income/loss/etc

 

[mercurial]

You're supposed to declare rental income. At the top you indicate Yes under professional income and it creates the form so there's fields to declare income/loss/etc

Aah, thanks.