Yes, my tax lady is handling it all - I can't imagine that she submitted any crypto info related to my account - she seemed as surprised as me - In the next two weeks I have to again pass my 2022-02 provisional data onto her
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MidnightZA
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My wife has job has converted to permanent WFH from the beginning of Dec 21. We dont have a home office yet. I am in the process clearing up one of the spare rooms (currently used as storage) to convert to an office. Currently she is working from a desk in our bedroom.
I have seen a lot of discussion regarding this but I never thought I would ever need to claim WFH expenses.
Firstly, is it worth it to claim? With all the admin and headache of getting audited etc.
businesstech.co.za
businesstech.co.za
www.sars.gov.za
That room I am planning to convert to an office is just over 10% of the property sqm. From what Ive been researching now, I can claim 10% proportion for certain expenses like: Bond interest, rates, levies, electricity? I looked at those ones since its easy to prove and its the major costs. Im not too concerned about the cost of cleaning, stationary etc
So if all of those combined are about R5000pm (not actual figure) then she can claim back R6000 (R5000 x 10% x 12) for that tax year?
I have seen a lot of discussion regarding this but I never thought I would ever need to claim WFH expenses.
Firstly, is it worth it to claim? With all the admin and headache of getting audited etc.
How to claim work from home expenses for tax: SARS
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses – but only under very specific circumstances.
businesstech.co.za
How to claim ‘work from home’ expenses for tax in South Africa – according to SARS
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses - but only under very specific circumstances.
businesstech.co.za
Home Office Expenses | South African Revenue Service
What are the requirements for claiming home office expenses. Tax deduction for home office expenses is only allowed if the room is regularly and exclusively used for the purposes of the taxpayer’s trade e.g. employment and is specifically equipped for that purpose. The home office must be set up...
That room I am planning to convert to an office is just over 10% of the property sqm. From what Ive been researching now, I can claim 10% proportion for certain expenses like: Bond interest, rates, levies, electricity? I looked at those ones since its easy to prove and its the major costs. Im not too concerned about the cost of cleaning, stationary etc
So if all of those combined are about R5000pm (not actual figure) then she can claim back R6000 (R5000 x 10% x 12) for that tax year?
They delay. So not sure worth it in future.My wife has job has converted to permanent WFH from the beginning of Dec 21. We dont have a home office yet. I am in the process clearing up one of the spare rooms (currently used as storage) to convert to an office. Currently she is working from a desk in our bedroom.
I have seen a lot of discussion regarding this but I never thought I would ever need to claim WFH expenses.
Firstly, is it worth it to claim? With all the admin and headache of getting audited etc.
How to claim work from home expenses for tax: SARS
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses – but only under very specific circumstances.
How to claim ‘work from home’ expenses for tax in South Africa – according to SARS
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses - but only under very specific circumstances.
Home Office Expenses | South African Revenue Service
What are the requirements for claiming home office expenses. Tax deduction for home office expenses is only allowed if the room is regularly and exclusively used for the purposes of the taxpayer’s trade e.g. employment and is specifically equipped for that purpose. The home office must be set up...
That room I am planning to convert to an office is just over 10% of the property sqm. From what Ive been researching now, I can claim 10% proportion for certain expenses like: Bond interest, rates, levies, electricity? I looked at those ones since its easy to prove and its the major costs. Im not too concerned about the cost of cleaning, stationary etc
So if all of those combined are about R5000pm (not actual figure) then she can claim back R6000 (R5000 x 10% x 12) for that tax year?
I am still awaiting payment, never mind confirmation of my tax submissions.
Avbob se stoep
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I see you mentioned that she will be working from home permanently. But make sure that she is working from home longer than 6 months. So in this instance she only started Dec 2021 which still falls under the 28 Feb 2022 year end. So essentially she will only be able to claim the expenses for the year ended 28 Feb 2023.My wife has job has converted to permanent WFH from the beginning of Dec 21. We dont have a home office yet. I am in the process clearing up one of the spare rooms (currently used as storage) to convert to an office. Currently she is working from a desk in our bedroom.
I have seen a lot of discussion regarding this but I never thought I would ever need to claim WFH expenses.
Firstly, is it worth it to claim? With all the admin and headache of getting audited etc.
How to claim work from home expenses for tax: SARS
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses – but only under very specific circumstances.
How to claim ‘work from home’ expenses for tax in South Africa – according to SARS
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses - but only under very specific circumstances.
Home Office Expenses | South African Revenue Service
What are the requirements for claiming home office expenses. Tax deduction for home office expenses is only allowed if the room is regularly and exclusively used for the purposes of the taxpayer’s trade e.g. employment and is specifically equipped for that purpose. The home office must be set up...
That room I am planning to convert to an office is just over 10% of the property sqm. From what Ive been researching now, I can claim 10% proportion for certain expenses like: Bond interest, rates, levies, electricity? I looked at those ones since its easy to prove and its the major costs. Im not too concerned about the cost of cleaning, stationary etc
So if all of those combined are about R5000pm (not actual figure) then she can claim back R6000 (R5000 x 10% x 12) for that tax year?
Your calculation is correct. Just make sure that you have some form of proof of your house and room size. Also a letter from the employer confirming that she is working from home.
Depending on how much she makes in the year, it could be worth it. For example if she falls in the lowest bracket you will essentially save R6000 x 18% = R1080 for the year (not having to pay it over to SARS) - so that depends on your situation if you feel that it is worth it.
Sir Bob
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Another item to be aware off is the capital gains implications. If you own your property there is a primary residence allowance when you sell your house. If you claim WFH this portion is no longer considered a primary residence and will be considered a capital gain.My wife has job has converted to permanent WFH from the beginning of Dec 21. We dont have a home office yet. I am in the process clearing up one of the spare rooms (currently used as storage) to convert to an office. Currently she is working from a desk in our bedroom.
I have seen a lot of discussion regarding this but I never thought I would ever need to claim WFH expenses.
Firstly, is it worth it to claim? With all the admin and headache of getting audited etc.
How to claim work from home expenses for tax: SARS
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses – but only under very specific circumstances.
How to claim ‘work from home’ expenses for tax in South Africa – according to SARS
The South African Revenue Services (SARS) says that workers are allowed to claim for home office expenses - but only under very specific circumstances.
Home Office Expenses | South African Revenue Service
What are the requirements for claiming home office expenses. Tax deduction for home office expenses is only allowed if the room is regularly and exclusively used for the purposes of the taxpayer’s trade e.g. employment and is specifically equipped for that purpose. The home office must be set up...
That room I am planning to convert to an office is just over 10% of the property sqm. From what Ive been researching now, I can claim 10% proportion for certain expenses like: Bond interest, rates, levies, electricity? I looked at those ones since its easy to prove and its the major costs. Im not too concerned about the cost of cleaning, stationary etc
So if all of those combined are about R5000pm (not actual figure) then she can claim back R6000 (R5000 x 10% x 12) for that tax year?
See this scamster crap from a normal cell number +27835373776
" There has been a demand from SARS regarding your return. click https://is.gd/aIICPJ as soon as possible and act as started on page to avoid penalties "
Idiots! With spellling errors as well!
Please spam it!
" There has been a demand from SARS regarding your return. click https://is.gd/aIICPJ as soon as possible and act as started on page to avoid penalties "
Idiots! With spellling errors as well!
Please spam it!
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The Past (up to FY20):
Not a single audit/verification since 2012 even with additional rent income and travel etc. over all those years.
The Present (FY21):
Filed 17 Nov and selected for audit (likely due to permanent WFH change). 20 supporting docs submitted right away as I knew it was coming and was prepared.
Additional info requested 10 Dec (house plans) - submitted same day.
No progress since; 37 'working days' later...
Edit: And the irony is I'm claiming for my study which is 3.6% of total sqm...
Not a single audit/verification since 2012 even with additional rent income and travel etc. over all those years.
The Present (FY21):
Filed 17 Nov and selected for audit (likely due to permanent WFH change). 20 supporting docs submitted right away as I knew it was coming and was prepared.
Additional info requested 10 Dec (house plans) - submitted same day.
No progress since; 37 'working days' later...
Edit: And the irony is I'm claiming for my study which is 3.6% of total sqm...
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dualmeister
Honorary Master
What I suspect becauseMy wife's one was complete around the same date. They owe her a substantial refund, but still not a cent has come through.
Maybe MyBB should investigate whether SARS is broke
1. mine is a decent amount but not major.
2. the wife has a nice refund due, not WFH, and still no request even for documents.
WFH impact on CGT. Stopping WFH claim from onwards, will it terminate impact on CGT?
Given that my nephew will be staying in my home office from 2022 onwards.
Do I need to inform SARS or simply stop claiming?
Given that my nephew will be staying in my home office from 2022 onwards.
Do I need to inform SARS or simply stop claiming?
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scudsucker
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Forgot to file in time. Got a R4 000 fine. But SARS owed me R12 000 so I guess a net win.
Not sure when they will pay out though, I paid in for the fine as soon as I got the notification, and I suppose they don't pay until they get paid.
Not sure when they will pay out though, I paid in for the fine as soon as I got the notification, and I suppose they don't pay until they get paid.
They seem broke. No communication for months.
Broke and broken
Has anyone ever experienced this.
1. I submitted my tax in time
2. SARS then said I am being assessed & needed additional documentation
3. No problem. Submitted the next day
4. They took 4 months to review & then said on 9 Feb that my initial assessment is in order. So I went to pay the assessment.
5. However, they are charging me interest on my initial assessment. WTF.
I thought my assessment is under review. Is this allowed?
1. I submitted my tax in time
2. SARS then said I am being assessed & needed additional documentation
3. No problem. Submitted the next day
4. They took 4 months to review & then said on 9 Feb that my initial assessment is in order. So I went to pay the assessment.
5. However, they are charging me interest on my initial assessment. WTF.
I thought my assessment is under review. Is this allowed?
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Crayons
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Yes comrade, having an assessment under review does not absolve you of your obligation to pay your contribution to the betterment of our country.
Sir Bob
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If you look at the assessment letter there should have been a deadline to make payment.
crysis
Expert Member
So after months of waiting for my audit to finish, I get the FINALISED WITHOUT CHANGES email 4 days ago. How long does it take to get my refund now? I can't find any info on the site that payment has been made, and nothing has appeared in my bank account.
Sir Bob
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Pull a statement of accounts and see if it shows a refund
Can also ask the online chat for status of refund.
There's also a function on the website regarding refund status.