Page 16 - F6 - Capital Allowances - Intellectual Property & Recoupments
P. 16
Solution
Tax value:
COST R1 900 000
2014: R1 900 000 x 40% = R (760 000)
2015: R1 900 000 x 20% = R (380 000)
R 760 000
Recoupment:
Proceeds (R1 800 000) Ltd to cost (R1 900 000) less tax
value (R760 000) = R1 040 000
Deferred over write-off period op replacement asset
2015: s12 C allowance R2 000 000 x 40% = R800 000
2015: Recoupment R1 040 000 x 40% = R416 000
