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Can a self-employed person get a home loan in South Africa?

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 How to get a home loan when you are self-employed Can a self-employed person get a home loan in South Africa? The simple answer is yes. But the bank or the financial institute will have certain requirements that self-employed person has to meet.  These are similar to the rules that registered companies must follow. The moment you earn an extra income, the South African Revenue Service sees it as a business income and you are expected to have financial statements and pay taxes.  Before you apply for a home loan, first find out what amount you qualify. Determine exactly what the bank would need from you before you apply. This would speed up the process and the bank doesn't have to wait for outstanding documents that you probably don't have and still have to search for. If you're applying for a home loan as a self-employed person , then these tips can streamline the process and increase your chances of approval. These are the things to do before you apply for the home loan....
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Auto Assessment 2023 Explained | What must I do when I receive my auto-assessment?

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What must I do when I receive my auto-assessment?

Log onto eFiling or the SARS MobiApp and view your assessment. You will be able to see all the data we used to calculate your assessment.

If you are in agreement with the assessment, then check if a refund is due to you or if you owe SARS. If a refund is due, then there is nothing more you have to do – you can log out of eFiling or MobiApp and wait for the refund, which you can expect within approximately seventy-two (72) hours, provided your banking details with SARS are correct. If you owe SARS, then make the payment via eFiling or SARS MobiApp and EFT or before the payment due date.  The payment due date of the amount owed to SARS is displayed on the “Notice of Assessment” (ITA34).

If you are not in agreement with the assessment, you can access your tax return via eFiling or SARS MobiApp, complete the return, and file it by the filing season due date (23rd October 2023).

If you are not in agreement with the auto-assessment, you can complete and file your tax return from 07 July 2023 at 20:00 onwards until 23 October 2023, by visiting eFiling on www.sars.gov.za or via the SARS MobiApp.  You can download MobiApp from the Apple App Store, Google Play Store, or the Huawei App Gallery.

Location: Pretoria, South Africa
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