FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Home office space deduction for tax purposes on my ITR12?

Posted 12 November 2014

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)?

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.

This entry was posted in Tax Q&A and tagged , , , , , . Bookmark the permalink.




Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
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!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.