How to legally minimise your taxes
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matters? Here is the answer to your prayers.
99 Tax Tips covers topical, everyday questions on personal and business taxes in easy-to-read English. Often- complicated tax
concepts have been transformed into practical, extremely useful information.
See how to legally minimise your taxes; learn how to conduct yourself during a SARS audit.
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Your home is specifically set up for carrying out your job. And it's regularly used for that purpose.
Your income comes mainly from commission or other unfixed payments based on your work performance and your duties are mainly done away from an office provided to you by your employer.
You income isn't mainly in the form of commission, but you perform most of your duties in your home office.
You must distinguish between private and business expenditure.
If an expense has a private as well as a business component, then you must divide it up proportionally based on the surface area of your office in relation to that of your entire home.
Once you've done this, only claim the business portion of the expense.
*To learn more, simply page over to chapter D 06 – Deductions - Section 23(m)
in your Practical Tax Loose Leaf Service
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