TaxTim provides expert assistance at every step of the way - we'll make sure you include all the right information for every deduction, resulting in your maximum possible tax refund. With our helpdesk available to help any time, we make tax as easy as 1,2,3!
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As of July 2013 SARS declared it illegal for anyone other than a registered tax practitioner to assist people with doing their tax returns. Unless the person you know is a tax practitioner, them doing your tax return can lead to trouble for both of you.
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If you lease a building, and are entitled to do renovations to it in terms of your lease agreement, then for tax purposes you can deduct the cost of these improvements annually spread over the period of the lease (calculated from completion date of renovations). You need to ensure though that the building is used for the production of income in order to qualify for this allowance. If there is an amount stipulated in the lease agreement to be incurred on improvements, the allowance claimed must not exceed this amount.
Amount you spent on improvements: R
Amount you can spend on improvements as stipulated in lease: R
Date lease starts:
Date the improvements were completed:
Date lease stops:
Renewal period (if exists in contract):
Your financial year end:
TaxTim will help you:
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Tim uses your answers to complete your income
tax return instantly and professionally, with
everything filled in in the right place.
Let Tim submit your tax return direct to SARS in just a few clicks!