Can I Offset Rental Income Against Rent Paid?
“Ring-fencing” means that SARS will carry this loss over to the next tax year and offset it against your rental income, and won’t offset it against salary income in this tax year for example. See ring-fencing blog for more information.
What kind of expenses can you deduct from rental income?
These expenses may include mortgage interest, property tax, operating expenses, depreciation, and repairs. You can deduct the ordinary and necessary expenses for managing, conserving and maintaining your rental property. Ordinary expenses are those that are common and generally accepted in the business.
