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Thread: how to claim expenses (for tax purposes) from a home office run business??

  1. #1
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    Angry how to claim expenses (for tax purposes) from a home office run business??

    I own a CC. the CC is a motor dealer,vat registered etc. I operate from home. So there is no rental, electricity,land line phone (except cell a/c which is in the name of the CC), cleaner,30 cups of tea that i have ever claimed against profits.

    My two monthly vat payments are always in excess of R10 000. I draw a salary from the CC on which i pay tax, my CC pays tax on its profits. The question is how do i claim all these other expenses that clearly contribute to the generation of income & profits?

    Please help.: mad:

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    You need to consider that in that instance, the expense for the cc is an income for you and might be more hassle than what it is worth.

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    flaker (04-Apr-14)

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