Some of the deductions one can make from sale of an asset before Capital Gains Tax will be calculated include: http://www.lettingworx.co.za/blog/item/capital-gains-tax-on-investment-property.html
Basically fair wear and tear is seen as damage or loss to an item at the property which happens as a result of ordinary use and exposure over time.
If a tenant hasn't respected your property it's natural to react with outrage and a determination that 'they will pay!'. Let's say you've owned the property for a while, the carpets were replaced 3 years ago and still in good condition - you may be as mad as a snake about that rip or burn in the carpet.
Have your rant - you're entitled, but then we need to have to dial down the anger and respond after taking into account the original condition and age of the item at commencement of lease, and also factoring in depreciation of the item due to normal wear and tear - i.e. the tenant can't be liable for cost of a brand new carpet.
So what damages can a Landlord charge for? http://www.lettingworx.co.za/blog/item/fair-wear-and-tear-on-rented-property.html
Stunning, character Double storey cottage – long-term rental - R11,200 per month.
In tranquil setting and with so many charming features - built to compliment the neighbouring national monument. 3-bedroomed double-storey with courtyard garden & upstairs deck.
While letting your property you will be taxed on the net monthly rental income (profit) that remains after deducting claimable expenses (revenue expenses).
Allowable revenue expenses can be offset against monthly rent received, claimable on your annual tax return. Revenue expenses are for example: http://www.lettingworx.co.za/blog/item/tax-deductions-on-rental-income.html
Offering a wonderful entertainment and family lifestyle - Family home with large separate Studio (WFH or guest pad) plus 3/4 bedrooms. All living areas open to views, pool and entertainment - with incredible flow, light & space the layout is just perfect! http://www.lettingworx.co.za/hout-bay-home-to-rent-magical-views.html
R25,000 p.m. - occupation 1 December 2012 or 1 January 2013
LettingWorx Property Rentals - property rentals in Southern Suburbs, Cape Town - specialised service at highly competitive fees for Southern Suburbs Cape Town Property Investors / Landlords. Target-market focused rental agency - letting and property management of Houses, Townhouses, and Apartments/flats from Rondebosch / Newlands / Claremont / Kenilworth / Harfield and Plumstead / Wynberg to Constantia / Bergvliet / Meadowridge & Tokai.
From Lofts to Mansions we have a large number of enquiries from local and relocating tenants looking for houses and apartments to rent in Southern Suburbs, with rentals of R8,000 to R30,000 p.m. being the most sought-after.
View our rentals in Southern Suburbs and activity in the market on the Properties to Let pages of our website, and also more about LettingWorx Property Rentals - Cape Town letting agents.