Articles tagged with: allowable deductions

What is Fair Wear and Tear on rented property?

on Sunday, 28 October 2012. Posted in LettingWorx Property Rentals

What constitutes Fair Wear & Tear in rented property?

The question of fair wear and tear on a rental property and what damages a landlord can deduct from a tenant's deposit .... one could write reams on this topic - the subject I'm sure of many a heated debate between landlord and tenant.

Basically fair wear and tear is seen as damage or loss to an item at the rented property which happens as a result of ordinary use and exposure over time.  

So what damages can a Landlord charge for ... ?

Capital Gains Tax on Investment Property

on Sunday, 14 October 2012. Posted in LettingWorx Property Rentals

What is your Capital Gains Tax liability on sale of Investment Property?

There are quite significant exemptions and deduction allowances to reduce Capital Gains Tax liability.  In March 2012 exclusions were increased - primary residence from R1.5m to R2m, and annual from R20k to R30k, and so was the taxable percentage.  But the impact can be reduced ...

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