SARS E-Filing 2021/22

Praemon said:
Would be interested to hear if you managed to get the solar claim through. Will be doing a similar one but for this tax period.
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Just finalised the verification and it was approved 100% write off in 1 year!

As I said detailed spreadsheet and this is how it was completed in the return.

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Please note that this is a very unique case combination of trading and mining allows for this in my instance and was prepped for worst case scenario.
 
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Snyper564 said:
Just finalised the verification and it was approved 100% write off in 1 year!

As I said detailed spreadsheet and this is how it was completed in the return.

View attachment 1484859
View attachment 1484861

View attachment 1484857

Please note that this is a very unique case combination of trading and mining allows for this in my instance and was prepped for worst case scenario.
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Was it easier to get this write-off because you mine, or did you start mining to get the write-off? Very interested to see the breakdown of this.
 
Pansyfaust said:
Was it easier to get this write-off because you mine, or did you start mining to get the write-off? Very interested to see the breakdown of this.
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I lumped crypto mining, crypto trading and cfd trading together. All things that require constant power.

Everything was set out nicely and the section 12B details were exactly as I set it out above.

They took three months to finalize it but was officially worked through for a week. No additional documents or info needed.

If they denied it I would have submitted an objection but it never got to that.
 
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Snyper564 said:
I lumped crypto mining, trading and cfd trading together. All things that require constant power.

Everything was set out nicely and the section 12B details were exactly as I set it out above.

They took three months to finalize it but was officially worked through for a week. No additional documents or info needed.

If they denied it I would have submitted an objection but it never got to that.
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Do you think you have a case that you mine crypto 24/7 ?

Think my fridge needs also power 24/7! Let me get solar asap for that! :)
 
zerocool2009 said:
Do you think you have a case that you mine crypto 24/7 ?

Think my fridge needs also power 24/7! Let me get solar asap for that! :)
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I have something related to trading running 24/7 :)

I know my act and I can easily argue the position
 
If I do a inward remittance from my overseas account to my SA account, is that taxable as per normal income bracket? Some expenses came up and just wanted to use money that I had transferred many years ago. :-(
 
imho a bunch of people are going to get caught short trying to do the 125% trick for solar plus battery plus hybrid when the 125% only legally relates to a part of that project
 
MacAfrican said:
imho a bunch of people are going to get caught short trying to do the 125% trick for solar plus battery plus hybrid when the 125% only legally relates to a part of that project
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eh, I just put in my itr-dd and out comes da money fool
 
Sofar received 1 ITB3 doc. Awaiting much more in June to come. Tax season starts a few weeks off. Patiently waiting
 
Question for those in the know:
I have been supporting my mother financially for the last 2 years - do I get to claim this back under some form of 'dependant' reimbursement at all ?
 
It depends on the expenses you paid on her behalf, if you did pay medical expenses on her behalf (and you have proof of the medical expense like an invoice/bill) you will be able to get some deduction under section 6B. Do you have your own business or do you earn a monthly salary from your employer? @Anthro
 
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