- May 19, 2005
done and dusted, both SO and myself - small bit of randjies coming our way - not selected for audit
Improvements? Are you sure about this? The reason I ask is during last tax season we renovated a double garage into a flat which we started renting out. Pretty much loaded all the building costs onto the return
It is not clear from the original post under what section of the ITA the cost incurred was claimed, BUT expenditure of a capital nature does not qualify as a general deduction under section 11(a). Nevertheless, section 11(d) makes provision for the deduction ofBut those don't seem like improvements to me. Those were necessary building costs in order to covert your garage into a letable flat.
What's the amount they have vs. the amount you have?Medical aid has the wrong freaking out of pocket amount on their certificate, so cannot do my efiling until thats resolved, they send me the tax certificate and I still cannot find out where they came out with that amount.
Now the error has changed to this:Yes
SARS is still busy reconciling data on their side (a ROT - "Recognition of Transfer" is a tax application when you transfer benefits from your employer sponsored retirement fund to another fund, or between preservation funds) you should wait until Monday next week and see if the error is still there
It is risky to submit now already as you might get comeback from SARS if there is any change in your data between now and when tax season opens !!