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TaxTim says: 22 February 2015 at 17:39 You have installed these items to make up part of a set, they unlike the engine of a plane which is separate to the fuselage etc, make up one part of the plane. The computer itself would be one item so unfortunately you would not be able to write it off in one year. |
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Glen says: 23 February 2015 at 12:55 Okay, thanks. BTW, I'm assuming that once I stop working (I have resigned), I can no longer include depreciation deductions – is that correct? I resigned at the end of 2014, can I claim: depreciation amount x 4/6 for the second provisional period, or nothing at all? If nothing, do I need to undo the deducted depreciation for period 1 as well? |
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TaxTim says: 25 February 2015 at 6:51 You are able to claim for the period that you are working only. So yes you would apportion between the periods you were earning income and that which you weren't. |
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Glen says: 25 February 2015 at 10:14 Thanks for your help. :-) |
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TaxTim says: 26 February 2015 at 21:50 Only a pleasure! |
