Page 8 - F6 - Capital Allowances - Intellectual Property & Recoupments
P. 8
Example
On 1 February 2015 Mr Fast sells a manufacturing
machine to Mr Slow at R1 500 000. Mr Fast originally
bought the new manufacturing machine for R3 000
000 on 1 February 2014 and started to use it in the
process of manufacture immediately.
Calculate the tax implications of the sale of the
machine for Mr Fast for the 2015 year of assessment.
