FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Are insurance premiums a tax deductions from a business?

Posted 15 November 2013

As a sole proprietor, can I deduct insurance premiums on electronic equipment as an expense? (3x computers I use to carry on my trade as an animator)

TaxTim Marc TaxTim Marc said:
16 November 2013 at 18:20

Only if they relate to the equipment used for work and not for any personal use.

* For the last week of tax season (ends Friday 22 November) we are offering a R50 saving (25% off) on all tax return completions with TaxTim. Get your discount on our payment page with this voucher code: EDC582CC8422.

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.




Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.