SpiderGear
Senior Member
Money in my account this morning.
Had to jump through a couple of hoops though.
South Africa’s biggest forum. Discuss, discover, and connect with thousands of members.
Thanks, will log in and check quiclyHad the same issue, it was cause Investec changed on their said from Investec Bank to just Investec, or other way round. but that was my issue. So check the bank name.
Another WFH query:
I was under the impression that bond interest can be claimed, however my tax consultant is telling me that SARS are rejecting these claims and saying that only commission earners who have home offices may claim bond interest.
Is this correct?
Got an answer. SARS are disallowing the interest on bond under s23(m). I will have to spend a bit more time to see if they are within their rights, but it does look like it at present.
Money in my account this morningMom past 8 years had audits this year not even verification.
Past 4 years I always had to upload documents (iirc verification) this year I'm clean (crosses thumbs)
I found the following article: https://www.bdo.co.za/en-za/insight...t-on-a-home-office-sars-does-an-about-turn-en
Extract:
The Interpretation Note states that in cases where home office expenses are deducted against remuneration income and the individual does not derive remuneration mainly from commission, interest on bond apportioned to the home office will not be deductible if the bond comprises an instrument that falls into section 24J (which is usually the case). This new interpretation is effective for years of assessment commencing on or after 1 March 2022, in other words from the 2023 year of assessment and thereafter, and the Interpretation Note states that this interpretation will apply from this date forwards but not retrospectively to years of assessment that commenced prior to 1 March 2022.
Why am i getting the " Saved with invalid bank details" thingy when i want to file ??
nothing has changed on my side
Had the same issue, it was cause Investec changed on their said from Investec Bank to just Investec, or other way round. but that was my issue. So check the bank name.
You were correct....... Standard Bank changed from Standard Bank SA or something..Thanks, will log in and check quicly
All of your documents. If you only supply them with that one I can promise you they will request the others on day 21.I received the Verification letter from SARS - see image.
It's not clear to me if they only want my donations tax certificates or all my documentation
Anyone have any idea?
View attachment 1350410
Last comms I got was that the documents were received that that an agent would be allocated. No idea if that has happenedany news on the completion status?
Same here. I always receive mine. I'm sure it will arrive.I haven't received my auto-assessment notification yet. Should I be worried?
Sounds correct and deductible to me but I am no expert. I see on later posts you have got clarity why and are investigating/reading up on S23(m). Good luck with that.I spend 80-100% of my working time at my home office in a separate, dedicated room which is used exclusively for work.
So I submitted 28/06 and the verification docs on the same day (2 hours later). I was only assigned an Official on 15/07 (i.e. my submission evidence did not have anyone to even look at it).has it been assigned? Did you submit docs?
Just checked now again, no reversal as of yet! Fingers crossed
Nope, just wait. I started stressing as well, but it eventually came through.I haven't received my auto-assessment notification yet. Should I be worried?