Sars is watching your spare room

By IOL Reporter | Published Aug 16, 2021

Property owners who host paying guests but do not declare their income to Sars will need to do so, says Sohail Govender, finance director of Just Property. While Airbnb is well regulated and requires tax-related declarations annually before any payments are made to the hosts, the informal sector is unregulated, and so some of those who let their homes or rooms directly to tenants may not be aware that they need to track such income and declare it to Sars.