Home-based tax deductions

Allowable Tax Deductions for Working from Home

1. Home Office Expenses (Only if you have a dedicated area used exclusively for work) 2. Office Equipment & Furniture (Depreciated over time or expensed depending on cost thresholds) Note: For SARS, items > R7,000 typically need to be capitalised and depreciated over time. 3. Office Supplies (Consumables) (Fully deductible if used for business purposes) 4.… Continue reading Allowable Tax Deductions for Working from Home