MANAGING YOUR RENTAL PROPERTY AND THE ASSOCIATED TAXES  

Owning a rental property portfolio that provides an income is much like owning a business. This means that there are tax implications and dues that need to be paid to the South Africa Revenue Service. Tune in tonight to find out how you can keep track on your rental property and the associated taxes. Set up your reminder now and catch up with us later!  Guest Name – Barbara Mundell  Designation- Founder Guest Company Name: Your Money Life Coach Website link: https://yourmoneylifecoach.co.za/about-2/ LinkedIn: https://www.linkedin.com/in/barbara-mundell-cfp®  #YSYR #YourSpaceYourRules #PrivateProperty  

00:00 Show starts 01:20 Introduction by Zama 05:23 Question 1 – Overview of how we should be looking at our taxes when it relates to our rental properties 06:14 Answer – Barbara Mundell 10:28 Question 2 – Tips for people that are married when they declare taxes 12:23 Answer - Barbara Mundell 19:31 Break 20:37 After the break with Zama 21:56 Question 3 – Facebook 22:47 Answer - Barbara Mundell 24:44 Question 4 – Is there a cap on how much you can declare as a repair/maintenance cost? 25:15 Answer - Barbara Mundell 27:43 Question 5 – Facebook 28:01 Answer - Barbara Mundell 30:54 Question 6 – Why is record keeping so important when it comes to declaring your taxes? 31:25 Answer - Barbara Mundell 33:34 Question 7 – Tips for landlords around managing their rental properties (tax implications) 33:56 Answer - Barbara Mundell 36:01 Comment 1 - Facebook 37:41 Closing remarks – Zama