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Home office space deduction for tax purposes on my ITR12?

Posted 12 November 2014 under Tax Q&A


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I have a small business. How much can I deduct for office space? My home is 800m2, using 80m2 as real office space. My homeloan deduction is R42 000 (R22 000 interest)?

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TaxTim TaxTim says:
12 November 2014 at 21:34

You would be able to deduct 10% of the interest and other related costs like insurance, electricity and the domestic and levies/rates. You will need to prove this to SARS so keep a spreadsheet showing these costs and all the actual invoices for the expenses.

Ella says:
13 November 2014 at 8:15

Thank you Tim. Will this deduction have an influence when selling the house one day?

TaxTim TaxTim says:
13 November 2014 at 22:52

Yes it would as you would have to apportion the proceeds/primary residence exclusion.


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