Page 12 - F6 - Capital Allowances - Movable & Immovable Assets

RESIDENTIAL BUILDINGS

Acquire/Construct Not Low-cost housing

apportioned sold to employee@
s13 (sex) interest free loan

1. New & Unused S13 sept

2. Owned

3. Solely trade (incl. rent) Allowance: 10% of amount
owing by employee
4. ≥ 5 units in SA (trade) (outstanding loan balance)

Lesser of cost / MV

BUT: If purchased (not constructed) No allowance if:

Cost x 55%/Improvement x 30% 1. Disposal subj to condition
2. Interest payable

3. Sold for > cost
5% Low Cost:

•Building: Cost ≤ R300 000 If employee repays loan:

•Apartment: Cost ≤ R350 Recoupment of amount

000 paid but LIMITED TO:

•If Let @ monthly rent 13sept deductions not yet

≤ 1% of cost: 10% recouped