Welcome, Guest
Username: Password: Remember me
  • Page:
  • 1
  • 2

TOPIC: Working from home - What portion of rent is a tax deductible expense

Re: Working from home - What portion of rent is a tax deductible expense 6 years 1 week ago #1843

  • Ramon
  • Ramon's Avatar
  • OFFLINE
  • MSB Junior Member
  • Posts: 5
  • Karma: 0
ok thanks for the quick reply,

our accountant said we should not claim rent because then when we sell we will negate the R1.5mil excempt from CGT.
The administrator has disabled public write access.

Re: Working from home - What portion of rent is a tax deductible expense 6 years 1 week ago #1844

That is correct, when working from home you are allowed to claim some expense. The way you work that out is basically the following.
You take the area of your working space, that is basically your desk size, as a % of the size of your home.
You are then allowed to claim the % of that for your rates, and taxes, bond repayment, electricity ect.
The administrator has disabled public write access.

Re: Working from home - What portion of rent is a tax deductible expense 6 years 1 week ago #1845

  • Ramon
  • Ramon's Avatar
  • OFFLINE
  • MSB Junior Member
  • Posts: 5
  • Karma: 0
so you saying i can claim these expenses and not lose the CGT.
The administrator has disabled public write access.

Re: Working from home - What portion of rent is a tax deductible expense 6 years 1 week ago #1846

Yes, CGT have nothing to do with the work you do from your home.

CGT is worked out when you sell your home one day and then it is worked out on the profit you make when selling your home, less the rebate you getting
The administrator has disabled public write access.
  • Page:
  • 1
  • 2

 

Time to create page: 0.112 seconds