Page 17 - F6 - Capital Allowances - Movable & Immovable Assets

Solution

 2014:

 100 000 x 10% (10 000)

 Full allowance allowed, although only used for part of a

year

 2015:

 Allowance on outstanding loan balance:

 (100 000 – 15 000) x 10% (8 500)

 Recoupment of R15 000 repayment: 15 000

Ltd to

13sept allowances: 18 500