See hidden discussions | Win great prizes | Get free support
Questions to ask yourself..Hi everyone, i am sure its been discussed already , sorry about that.
is it worth it, claiming "work from home" from SARS?i have been working from home since the start of the pandemic, i have a spare room, with a bed that i converted into my office.
even though it's a spare bedroom with a bed, it is rarely used as a bedroom.
I dont really want to fight with SARS, but i feel like i have been working from home and should be allowed to claim for it , i have been delaying the decision for too long now...
EDIT - Busy reading this whole thread....some very useful information here, thats everyone.
Thanks for the reply.Questions to ask yourself..
Also you mean the spare room is NEVER used as a spare bedroom and is solely used as an office.
- Whats your office to house ratio? if office 1% of area does it make sense then vs effort?
- Do you want to be audited?
- Do you have all backups?
- If you own house - do you want to deal with capital gains impact of home office later?
There are differences for commission vs salaried employeesThanks for the reply.
I am still busy reading this thread....i noticed some people don't claim for the rental/utilities, etc....might do the same.
But rather claim for internet, and items i bought for my home office.
1) will have to calculate but its a 2 bedroom flat, 1 being the office.
2) i dont mind, i have nothing to hide
3) not too sure what you mean?
4) I do own the house and prefer not to deal with this, so considering not applying for utilities.
Of course, spare bedroom is only used as an office!
the fact that i keep a spare bed in it, will it be a problem?
40K for gain/loss it seems.Is there a loss/gain threshold on CGT for shares disposal before it'll be deducted or added?
That's exactly what I did, and it was approved. It certainly was an uphill battle only for tiny amount of extra cash (Got like 2k back just for WFH deductions)1) Calculation breakdown of the work from home claim (I thought they would be able to figure that out) So I basically did a cut and paste of Tax Tims calculation
They clearly aren't making it easier. I read somewhere they have rejected about 67% of attempts to claim home office expenses. But I definitely meet the requirements so I'm hopeful.
I have been selected for verification 6 times this year so far, and I have had a full audit. My tax return was in on the first day of July but I am still waiting.Completed my return on the 16th, was NOT selected for verification or audit, just got a notification now that I have been selected for verification...
Is that even a thing?