taxpayer

October 17, 2022

Ring-fencing trading losses

Top-rate taxpayers need to watch out for Section 20A. Section 20 of the Income Tax Act 58 of 1962 deals with the set-off of losses from […]
July 7, 2022

Home office expenditure

Taxpayers who are salaried employees have limited deductions available to them. However, home office expenditure can be claimed as an income tax deduction, but the onus […]
June 10, 2022

Wear-and-tear Allowance

Capital expenditure incurred in the production of income and in carrying on of a trade does not qualify for a deduction under the so-called general deduction […]
January 21, 2022

How to avoid excessive tax on medical payments

The South African Revenue Service recently published a draft Interpretation Note relating to the taxation of medical lump sums. Employers often provide various incentives to attract and retain employees with […]
We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies
X