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Claiming costs for building my house.

Posted 24 June 2015 under Tax Q&A
Wencel says:
10 June 2015 at 12:47

Can I claim the expenses incurred for the construction of my house?

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TaxTim TaxTim says:
10 June 2015 at 12:56

If the house will be occupied by yourself and your family, this will be known as your personal dwelling. Costs incurred for the construction of your personal dwelling and your personal expenses are not tax deductible. You can only claim a portion if a portion of the home is leased to a third party, but then you have to declare the income as well.

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