building requirement

To qualify for a deduction under section 13quat, a person must have:

  • erected an entirely new commercial or residential building;
  • extended, added to or improved an existing commercial or residential building or part of such a building representing a floor area of at least 1 000 m2; or
  • purchased a building or part of a building directly from a developer that –
    • has erected, extended, added to or improved either an entire building or a part of a building representing a floor area of at least 1 000 m2;
    • has not previously claimed any UDZ deduction on the building or part of a building; and
    • in the case of the improvement of a building or part of a building, has incurred expenditure on these improvements which is equal to at least 20% of the purchase price paid by the purchaser for the building or part of the building.

Last Updated: 27/03/2018 2:49 PM     print this page
SARS eFiling eFiling Login eFiling Register Now eFiling Forgot Password eFiling Forgot Username E@syFile
FIND A PUBLICATION
FIND A FORM
FIND AN FAQ