Is a tenant’s deposit taxable?

Is a tenant’s deposit taxable?

Is a tenant’s deposit taxable? Understanding rental deposits and their income tax implications WHEN ENTERING into a property lease agreement, it is common for a landlord (lessor) to require the tenant (lessee) to pay a rental deposit, also known as a security...
‘Burden of proof by taxpayer’ affirmed

‘Burden of proof by taxpayer’ affirmed

‘Burden of proof by taxpayer’ affirmed Court case clearly shows that taxpayers must prove that an amount is not income WHILE IT is entirely within a taxpayer’s rights to contest the outcome of a SARS assessment, doing so requires thorough preparation. This means...
Getting the most from your medical claim

Getting the most from your medical claim

Getting the most from your medical claim SARS provides a surprising amount of relief, specifically for those falling into either of the ‘disabled’ and/or ‘physically impaired’ categories CLAIMING ADDITIONAL medical expenses can be a bit of a nightmare, but this pales...
SARS’ ‘toll fee’ on the road to home ownership

SARS’ ‘toll fee’ on the road to home ownership

SARS’ ‘toll fee’ on the road to home ownership Of all the costs involved in purchasing a home, transfer duty is one of the largest BUYING A property in South Africa involves more than just the purchase price. One of the additional costs that many buyers need to budget...