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WHAT'S YOUR TAX BRACKET?

September 23, 2019

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Have you wondered how much people from different income groups pay in taxes? Here's an indication. follow www.mambodla.co.za for advice

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TAX TIP FOR PROPERTY INVESTORS

http://www.mambodla.co.za LOW COST RESIDENTIAL UNITS Property has been a popular investment option among many South Africans. One of the other advantages of being a tax payer under this investment operation is that you get a tax deduction on the cost of your newly acquired property. That's Thabang, he recently bought 5 properties that were new and unused from a well known property developer.He is already renting to his tenants who are predominantly students. Thabang's properties qualify for a tax deduction of 5% on the cost he incurred on acquisition of the properties. Thabang paid R350 000 for each property. Thabang can claim R87 500 as a deduction and reduce the amount he has to pay over to SARS. Example: 5%* R1 750 000 = R87 500 For advice on taxes for property please contact Simphiwe on 071 534 8873

Know More About Our Services - Finance Function

Clients receive practical advice on business issues tailored to meet their objectives from experienced accountants and business advisers. The firm has adequate resources to advice on most financial matters. Clients can be assured that the advice received takes into account the client’s culture and customs in addition to applicable laws and regulations, thus ensuring the success of their business.

Know More About Our Services - Internal Audit

Internal audit plays a valuable role in providing assurance that key controls are in place and operating effectively so that financial and other corporate risks are managed. Advice on, and assistance with the operation of an internal audit service is provided. Internal audit can also be outsourced to us.

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WHAT'S YOUR TAX BRACKET?

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