Office space in a bond free home?

By Marc Sevitz · Updated

I work from home in an office entirely devoted to work. Our bond is fully paid up. How do I claim deductions for this space if I am not paying off a bond?
TaxTim Marc

TaxTim Marc said:
26 May 2014 at 20:55

You can only deduct actual expenses so you would be able to deduct a portion of your rates, taxes, insurance, electricity etc in relation to the size of the office over the whole house.
Margs

Margs said:
27 May 2014 at 9:24

Thanks so much.
TaxTim Marc

TaxTim Marc said:
27 May 2014 at 19:06

Only a pleasure!
Salary / IRP5
Deductions
Rental Income