SELF-EMPLOYED individuals and employees who often work from home may be able to claw back some of that cost from the taxman, says Gerhard Kotzé managing director at RealNet Properties.
However, there are some conditions that must be met in order to qualify for home office deductions.
First, if more than 50% of your income comes from a salary, you can only qualify if your employer allows or requires you to work from home and you spend more than half your working hours in your home office.
However, you should qualify if most of your income (more than 50%) comes from commission and your employers do not provide you with an office at their expense.
You will definitely qualify if you are a small business owner or a freelancer who always works from home.
Second, Kotzé says, you must have a specific part of your home which is used exclusively as your office.
“You can’t just work off your dining room table or hold meetings in your TV room. You need to have a separate space that is permanently set up for work and properly equipped with whatever you need to do your job.”