Moving home for a job raises the question “are my moving costs tax-deductible” the short answer is No; you cannot claim them personally. However, when you are moving due to employment the employee is able to claim tax back through an employer. Under the FBT (Fringe Benefits Tax Act) there is an exemption of fringe benefits tax for employers which pay or reimburse an employees relocation costs. The employer is also able to claim tax deductions for any expenses incurred … Continue reading Are Moving & Relocation Expenses Tax Deductible? What Can I Claim?
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