Page 7 - Capital Allowances Recoupments Part 1 (CTA)
P. 7
Wear-and-tear allowance (s 11(e))
- Allowance calculated on the value
- Is apportioned. In terms of days/months?
- From when will s 11(e) be claimed?
Two requirements:
- TP must be the owner of the asset OR the buyer ito a
suspensive sale agreement
- TP must use the asset for purpose of his/her trade
What capital allowances are
apportioned?
