Sublet Tax

[marhsava]

So if I have to sublet my house do I pay any tax or whats the process?

And also let's say if I need to apply for a car finance, can I use the rental income as another source of income or only my salary can be used?

 

[AdrianH]

You need to declare ALL income you received on your tax return.

You can use this income as another source of income.

 

[xrapidx]

I'd ask for cash

 

[AchmatK]

I'd ask for cash

You would still need to declare it on your tax return.

Unless you're suggesting tax evasion?

 

[xrapidx]

You would still need to declare it on your tax return.

Unless you're suggesting tax evasion?

I'd never suggestion defrauding our esteemed government - how else are they going to pay for all their luxuries?

 

[marhsava]

You would still need to declare it on your tax return.

Unless you're suggesting tax evasion?

trying to find a workaround on not getting taxed on the rental income, unless creating a dummy business and since the annual turnover will be less than R75 000 , i dont have to declare it but i wonder if opening a dummy business will cause conflicts with my employer

 

[ToxicBunny]

trying to find a workaround on not getting taxed on the rental income, unless creating a dummy business and since the annual turnover will be less than R75 000 , i dont have to declare it but i wonder if opening a dummy business will cause conflicts with my employer

How would the dummy business derive its income from an asset it doesn't own?

SARS will see through that little trick in 2 seconds.

 

[marhsava]

How would the dummy business derive its income from an asset it doesn't own?

SARS will see through that little trick in 2 seconds.

Provide some service , dummy web development lol