Home office expenditure
Home office expenditure Taxpayers who are salaried employees have limited deductions available to them. However, home office expenditure can be claimed as an income tax deduction, but the onus is on the taxpayer to prove that the expenses are in fact deductible. For employment to constitute a “trade” and to qualify to deduct home […]
Tax deductions for disability: Retroactive change relating to school fees
Tax deductions for disability: Retroactive change relating to school fees Expenditure prescribed by SARS and which is necessarily incurred and paid for by a taxpayer due to a physical impairment or disability is a qualifying medical expense for tax purposes. Taxpayers incurring such expenses can obtain a tax benefit. An expense does not automatically […]