Chong noted that there are very limited circumstances when salaried employees are able to claim deductions for expenses incurred cover iphone 6 monet in providing services to an employer.
Travel expenses from home to the employer office are not claimable as deductions. coque huawei ebay coque iphone 5 s https://www.alpesprobois.fr/products/coque-iphone-11-pro-max-life-is-strange-chloe-d8097 Expenses incurred in maintaining a home office are also not claimable except in specific circumstances set out in the Income Tax custodia cover iphone 11 Act, she said.
individual who runs a business from home as a sole proprietor or independent consultant is usually not restricted in claiming home office expenses proportionate to the area used for business.
individuals can claim rent, rates, interest on the bond, cleaning, repairs and cover iphone 6 apple rosa wear and tear allowances on business equipment. most epic anime coque iphone 11 https://www.aquawood.fr/products/coque-iphone-7-gign-715pascher2798 Chong said that an individual who earns remuneration from an iphone x cover size employer can only claim these home office expenses if:
Their home office is equipped for and regularly and exclusively used by smart cover iphone 6 plus the individual to work for the employer for which they earn cover samsung a50 con disegni remuneration;
At least 50% of their remuneration is variable (such as commissions or bonuses) and at least 50% of working hours are spent away from the employer office. coque huawei If the individual has less than 50% of remuneration as variable payments, they can still claim home office expenses if they spend more than 50% of working hours working from home.
lockdown has demonstrated to individuals and their employers that remote working arrangements can cover samsung j5 2017 carine work successfully. coque rinochild huawei https://www.alpesprobois.fr/products/coque-iphone-7-space-714pascher344 It may well be more efficient for an individual to continue working for two or three days in their home office even after the lock down has cover samsung s6 alice in wonderland eased.
the le cover per iphone 5 vanno bene anche per ipod 5 easing of lockdown, employers are requiring their employees to return to work for a limited number of days in a week on a shift or teams basis to minimise potential Covid 19 exposure in the workplace, Chong said.
This means that salaried employees could spend more than 50% of aggregate working hours in the 2021 year of assessment (12 months ending 28 February 2021) working in their home office, custodia cover samsung s7 edge she said.
these employees intend claiming home office expenses in their ITR12 tax return for the 2021 year of cover gelato iphone 6 assessment, they should retain invoices and statements of these expenses, and prepare a running spreadsheet of the number of days worked at home for the tax year, the tax expert said.
communication from the employer to work from home during lockdown, or shift days after chris brown cover iphone easing of lockdown would also be useful to justify the number of days worked in this spreadsheet. https://www.aquawood.fr/products/coque-iphone-7-range-carte-710pascher740 Repairs to the home office specifically will be allowed in full. coque iphone 6 tigrou https://www.aquawood.fr/products/coque-iphone-8-south-side-serpent-715pascher4902 Repairs to cover samsung 3d the building in cover iphone 4s hip hop general, however, must not be included in total costs. coque samsung photo sur coque iphone 6 https://www.alpesprobois.fr/products/coque-iphone-7-en-cuir-710pascher500 said that these documents need to be retained for five years and submitted to SARS should the ITR12 return be selected for verification.
She added that the calculation cover samsung trend plus of square metre of home office area, relative to the total residence, with the same ratio applied to expenses such as rates and interest, also need to be submitted.
The flip side of claiming home office expenses as deductions is that on selling their homes, these employees would need to exclude any capital gains from the home office portion of the house from the primary residence capital gains exclusion, said Chong.
exclusion provides for capital gains of custodia cover huawei p8 lite 2017 up to R2 million on the disposal of a taxpayer primary residence or all capital gains if the selling price is less than R2 million, to be disregarded, cover iphone 5s divergent she said.
In the short term, Chong said that it may be easier for employees who have to work from home during cover iphone 6s legno amazon the lockdown to claim home office expenses from their employer on a reimbursive basis with custodia cover samsung a70 supporting invoices.
which can be claimed include fibre connectivity, cell phone, stationery, and computer equipment, if these have been incurred mainly in the employer business.
amounts would not be part of remuneration and no PAYE would be withheld from the reimbursed payments. cool eyes coque iphone 11 However, this method requires more involvement from the employer due to the need to check and approve the expenses. coque iphone coque iphone 5 naruto https://www.cifnet.it/products/ufficiale-originale-custodia-in-silicone-per-il-iphone-di-apple-11-3custodiasamsung611 said that if the employee is acquiring custodia cover huawei mate 10 lite any asset on behalf of the employer for use in the employee home mainly for the employer business, the employer can claim input VAT on the reimbursements.
is preferable for invoices to be in the employer name if possible.
