1608
Demolition and site preparation
Profit Code
1608
Loss Code
1609
Category
16 - Building and Construction
Description
SARS profit code 1608 (loss: 1609) classifies Demolition and site preparation within main category 16 (Building and Construction). This code is used on the ITR14 company income tax return to indicate your business main source of income.
How to Use
When completing the ITR14, enter code 1608 in the profit code field if your business is primarily engaged in demolition and site preparation. If your business made a loss, use code 1609 instead.
Note: The profit code is separate from the 5-digit SIC code also required on the ITR14. See our SARS tax guide for more details.
Other Codes in Category 16
| Code | Description |
|---|---|
| 1602 | Residential buildings |
| 1604 | Non-residential buildings |
| 1606 | Civil engineering |
| 1610 | Electrical installation |
| 1612 | Plumbing |
| 1614 | Other construction |