Available Course

Claiming home office expenses for tax – is it worth it?

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Duration: 2 Hours
CPD Hours: Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Course Facilitator: Corlia Faurie
T:  011-886-1395
E:  nerissa@probetatraining.co.za
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With the shift to remote working, many individuals are asking the question of whether it is worth it to claim home office expenses for tax purposes, and what other tax implications they need to consider even if they don’t claim such expenses. This session aims to elaborate on the requirements for deducting home office expenses, from both legislation and SARS’ Interpretation Notes and guidelines.

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• What are the minimum requirements for an individual to qualify for the deduction of home office expenses, focusing on the “mainly”, “regularity” and “exclusivity” tests as well as commission workers • How should the expenses to be claimed be apportioned and what supporting documentation may be required to prove its validity • How does working from a home office affect the CGT on a primary residence (whether the expenses for it were claimed or not) • This session will also allow for a live Q&A on this topic

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