Issue No. 01← Comic libraryUndeclared
A&T Taxman presents
Undeclared
Rental Income
A Cape Town property owner is brought before the Compliance Court after failing to declare rental income. The Compliance Six have evidence, an estimated assessment and a sentence ready—but taxable rental profit is not always the same as total rent received.
FormatFull comicPages26TopicRental tax
Start reading →Before the case begins
What this story explains
- Why rental income must be declared
- How SARS may identify unexplained income
- Which legitimate rental expenses may potentially qualify
- Why invoices, statements and supporting records matter
- How estimated assessments, penalties and interest may arise
The case file
Rental income earned from residential property generally needs to be declared. Certain expenses incurred in producing that income may be deductible—but only when they qualify and are properly supported.
In this story, A&T Taxman explains the difference between gross rental income, allowable expenses and the taxable rental profit that should be calculated and declared.
This comic provides general tax information for educational purposes and does not constitute personalised tax advice. Allowable deductions and tax consequences depend on the facts and supporting documentation of each case.