Tman543
Senior Member
- Joined
- Jun 23, 2020
- Messages
- 539
CGT is excluded for the first 2 million on property, also if you only started WFH in 2020 and lets say you stayed in the property for +10 years then amount liable from the 2 mil would be minimal (Even if it is 20% (This is calculated as WFH office space size/ total floor size), which is quite high for an office space)The problem with claiming WFH taxes, you need to setup a seperate dedicated office at home and you will be liable for 20% Capital Gains Tax when you sell your property. If you rent, go ahead, but if you own the house, well youre royally screwed. So you dont bother claiming. SARS will hound you forever.
Then compare that tax liability to the WFH deduction you receive, you should still be the winner at the end of the day.
But I agree the effort of jumping through hoops for SARS is a big pain in the butt.