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	25%	4,500	18,000	36,000
Less Stamp Duty4	8%	1,440	5,760	11,520
= Taxable Income		12,060	48,240	96,480
Income Tax5
Up to ZAR 188,880	10%	370	370	370
ZAR189,880 - ZAR 296,540	15%	556	556	556
ZAR296,240 - ZAR 410,460	20%	741	741	741
ZAR410,460 - ZAR 555,600	30%	285	11,139	25,611
Annual Income Tax Due		1,951	12,805	27,277
Tax Due as % of Gross Income		10.84%	17.79%	18.94%
Source: Global Property Guide

Notes

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¹ The property is jointly owned by husband and wife.

² Exchange rate used: 1.00 USD = 2.70 ECD

³ Income-generating expenses are assumed to be around 25% of gross rental income. account for income-generating expenses.

⁴ Stamp duty is levied on property lease agreements progressive rates. Different rates apply depending on the duration of the lease.

STAMP DUTY ON LEASES FOR LESS THAN 20 YEARS
ANNUAL RENT, ECD (US$)	TAX RATE
Up to 3,000 (US$ 1,111 )	2%
3,000 - 6000 (US$ 2,222 )	4%
6,000 - 12,000 (US$ 4,444 )	6%
Over 12,000 (US$ 4,444 )	8%

STAMP DUTY ON LEASES FOR OVER 20 YEARS
ANNUAL RENT, ECD (US$)	TAX RATE
Up to 3,000 (US$ 1,111 )	4%
3,000 - 6000 (US$ 2,222 )	6%
6,000 - 12,000 (US$ 4,444 )	8%
Over 12,000 (US$ 4,444 )	10%

⁵ Rental income is subject to income tax at progressive rates.

INCOME TAX 2015
TAXABLE INCOME, TRY(€)	TAX RATE
Up to 10,000 (US$ 3,704 )	10%
10,000 - 20,000 (US$ 7,407 )	15% on band over US$ 3,704
20,000 - 30,000 (US$ 11,111 )	20% on band over US$ 7,407
Over 30,000 (US$ 11,111 )	30% on all income over US$ 11,111