Home Office Expenses Sars

Yes you may claim a deduction for the home office expenses you incurred as long as the study is used for business only then you can give sars a letter from your employer stating that they need you to work from home more than 50 of the time. We are experiencing high call volumes and appreciate your patience during this time. It is important to realise though that this deduction is only allowed under certain specific conditions.

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It is worth understanding the tax rules around home office expenses as sars may allow these employees to deduct their home office costs within the other deductions section of the itr12.

Home office expenses sars. This means that for a home office expense to be deductible the requirements of sections 11 23 b and 23 m must. Home office allowance issue 84 august 2006 when section 23 m was introduced 1 march 2002 employees who did not receive remuneration mainly in the form of commission were no longer able to claim home office expenditure against a home office allowance. Yes i can deduct home office expenses this means that you would include the relevant deductions under the other deductions section in your itr12 in the block for home office expenses. Home office expenses if you re a salaried employee but work mainly from home in a specifically dedicated space e g.

The deductibility of expenses relating to a home office is determined by reference to section 11 in particular paragraphs a d and e read together with sections 23 b and 23 m. Best bet most relevant search result site page pdf document. A study or office area not used for any other purpose you re able to claim certain running costs associated with that space. Best bet most relevant search result site page pdf document.

Visit the covid 19 online resource and news portal at www sacoronavirus co za. And the south african revenue service sars does allow them to claim certain home office expenses and reduce their income tax liability says gerhard kotzé the managing director at realnet. Check out taxtim s handy online wear and tear calculator to see the sars approved rates. 4 3 requirements of section 11.

You will need to add up all the allowed amounts then multiply them by the portion of your house that is contained by your demarcated dedicated home office.