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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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Taxpayers not pleased with SARS auto-assessment | How does the Auto-Assessment work?

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 How does the Auto-Assessment work?

SARS receives data from employers, medical schemes, banks, retirement annuity funds, and other institutions. 

This data is used to calculate your tax assessment. If we are satisfied that the data and tax calculation is correct, we issue the assessment to you via eFiling or the SARS MobiApp. 

At the same time, we also send you a message via your preferred channel of communication (like SMS or email) to let you know that your assessment on eFiling or SARS MobiApp is ready for you to view.

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