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| Small Business Tax Help in South Africa https://sabusinesshub.co.za/webforum/viewtopic.php?f=14&t=96 |
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| Author: | masoetgo [ Wed Apr 06, 2011 10:09 am ] |
| Post subject: | Re: Small Business Tax Help in South Africa |
Dear Forum members, I have a specific situation for which i request your advise and tips: I have 16 portfolio of rental properties that are registerd in my name.The tax liability for these properties is based upon the tax provisions for individuals, which is high. How can i reduce my tax liability with regard to the rental income received?I was toying with the idea, of opening up a CC,whose main function would be to recieve the rental income and pay all the expenses incurred during the production of this income.In that way, i am hoping that the income would then be taxed at the rate for CC thereby reducing my tax liability.Is this legal? Thanx and regards Godfrey |
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| Author: | Lluwellyn [ Wed Apr 06, 2011 1:37 pm ] |
| Post subject: | Re: Small Business Tax Help in South Africa |
Godfrey hi! I would highly recommend that you speak to an "expert" in the Property investment arena. Someone that I have dealth with personally is Dr Hannes Dreyer www.propertyschool.co.za/trusts-for-the ... ourse.html he would surely be able to assist. Let us know the progress. Keep well! Lluwellyn |
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| Author: | masoetgo [ Fri Apr 08, 2011 4:02 pm ] |
| Post subject: | Re: Small Business Tax Help in South Africa |
Thank you for the lead Lluwellyn. I have posted my quiry on his website and are awaiting his feedback. |
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