Page 15 - Capital Allowances Recoupments Part 1 (CTA)

MOVEABLE ASSETS USED BY MANUFACTURERS

s 12C(1) Applicable to:

(a) Machinery/plant in own process of manufacture

(b) Machinery/plant let out and used by lessee in a process of

manufacture (only certain “leases” qualify → s 12C(3)(a))

(c) Machinery/plant used by agricultural co-operative used for

storing/packing of pastoral, agricultural or other farm products.

(f) Aircraft brought into use for purpose of trade.

(g) Ship brought into use for purpose of trade.

(gA) New or unused machinery/installation used for s 11D

Research & Development (on/after 1 Oct 2012, but before

1 Oct 2022)

(h) Improvement (not repairs!) machinery/plant/

implement/utensil or article (excluding aircraft or ship)

Additional requirements for all of the above: Must be owner OR

buyer in terms of par (a) of Instalment credit agreement AND brought

into use for the first time by TP in his/her trade.