Rental Income Tax South Africa
More ZA
Income tax on rent, worked example, in South Africa
Taxation Researcher |
October 22, 2019
Non-resident couple´s rental income1 |
|
|
|
Monthly Rental Income2 |
1,500 |
6,000 |
12,000 |
Annual Rental Income |
18,000 |
72,000 |
144,000 |
Less Expenses3 |
(5,201) |
(27,184) |
(54,585) |
= Taxable Income |
12,799 |
44,816 |
89,415 |
Income Tax4 |
|
|
|
Up to ZAR 195,850 |
18% |
2,304 |
5,036 |
5,036 |
ZAR195,850 - ZAR 305,850
|
25% |
- |
3,929 |
3,929 |
ZAR305,850 - ZAR 423,300
|
30% |
- |
337 |
5,034 |
ZAR423,300 - ZAR 555,600
|
35% |
- |
- |
6,615 |
ZAR555,600 - ZAR 708,310
|
38% |
- |
- |
3,817 |
ZAR708,310 - ZAR 1,500,000
|
41% |
- |
- |
- |
Over ZAR 1,500,000
|
45% |
- |
- |
- |
Annual Income Tax Due |
2,304 |
9,302 |
24,430 |
Tax Due as % of Gross Income |
12.80% |
12.92% |
16.97% |
Thanks to:
 |
Notes
1 The property is jointly owned by husband and wife, but then taxed separately
(50% upon each partner).
2 Exchange rate used: 1.00 US$ = 14.00 ZAR
3 Estimated values only. Only expenses actually incurred may be deducted such
as repairs and maintenance, insurance, collector´s commission and bank
charges.
4 Rental income earned by nonresident individuals is taxed at progressive rates.