Rental income and SARS
2 min read · Updated 12 October 2026
Rental income is taxable and goes on your ITR12. You can deduct costs like rates, levies, bond interest, building insurance, repairs and agent fees. Improvements are capital, not repairs. A deposit only counts as income once you use it.
In Porchlight: the SARS rental statement adds up the tax year (March to February) for you. Check it with your tax practitioner.
General information, not legal or tax advice. For your situation, speak to an attorney or a tax practitioner.