Good day I want to find out, I've bought a flat and it was registered in March 2015 on my name. Can I reclaim the attorney fees and where I complete it on the tax form, in other words, costs of Duty, transport costs, registration of deed Thanks
No, you cannot deduct this anywhere on your Tax Return. These are all capital costs which will be included in the base cost of your property, and will therefore reduce capital gains tax when you sell it one day. Remember to keep all of these invoices as proof.. These fees will go to the base cost of the property when you sell it eventually and reduce the Capital Gains Tax
Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.