Rounding up our series on the three main worries for taxpayers, we discuss property
So you now know how to claim your car expenses on your tax return, and are reasonably confident that you can now manage your share investments without incurring the wrath of SARS.
But the one thing that really keeps you awake at night is how SARS views your investment in property.
The areas that concern taxpayers the most are Capital Gains Tax (CGT) when the property is sold, particularly when such property is the home in which you live; and how rental income is taxed.
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