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What you need to show SARS if you own a rental property
June 11, 2018
With the start of SARS filing season around the corner, I though good to compile a short list of documents to keep ready if you own a rental property.
With the increased amount of SARS audits, specifically aimed at tax payers with rental property, I suggest every client to be prepared.
Make sure to keep the following documents ready for your accountant. In our practise we make sure to have all information ready before we submit, to prevent time delay in feedback to SARS.
It is of utmost importance to speedily submit your audit documents.
Find the quick video here: https://youtu.be/h6H5JEf0MfY
Some of the most important points when submitting an income tax return which include a rental property.
1. Have your latest signed lease agreement ready.
This summary also need to include the expenses paid on your behalf and the rental agent commission.
How can we assist you?
Contact us for your monthly accounting and tax needs.
I have been in the industry for almost two decades and would love to assist you with your start-up or running business needs.
Feel free to send comments and/or questions to my inbox.
Feel free to contact us with your accounting, income tax or company start-up needs.
Yours in Tax,
Member of Institute of Accounting & Commerce.
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