Page 8 - Capital Allowances Recoupments Part 1 (CTA)
P. 8
Wear-and-tear allowance (s 11(e)
?
- ALLOWANCE?
- Binding General x Value of the asset
Ruling No: 7 rates
- Straight line method < R7 000 from 1 March 2009
- Small items?
Direct cost of the asset
as if acquired under a cash transaction concluded at arm‟s length
including
- the direct cost of installation or erection of the asset
- cost of foundation / supporting structure
Commissioner's approval has been removed!
Yoa commencing on/after 1 Jan 2013!
- moving cost
But excluding interest and finance charges (but s 11Aor
s 24J is still available).
