https://www.icba.org.za/wp-content/uploads/2014/06/betty_100x100-1.png 100 100 icba https://www.icba.org.za/wp-content/uploads/2018/07/Untitled-design-3.png icba2015-08-26 10:09:262015-08-26 10:09:26Betty Bookkeeper explains if a personal trainer can claim deductions for a RA – Aug 2015
Betty Bookkeeper explains if a personal trainer can claim deductions for a RA – Aug 2015
With regards to my question last month about a personal trainer, will this person then be entitled to claim their RA when doing their tax return?
Yes, all individuals are entitled to claim a deduction for their RA – this is limited to 15 % of their non-retirement income. Retirement income generally refers to a salary out of which a person makes pension fund contributions so non-retirement income will include all other income.
Hope that helps!
Don’t forget that I’m here to answer your questions about the ICBA, or just queries about your accounting at work. All you have to do is email me!