Blog Q&A Calculators Students Contact

Earn under R350,000?Click here to see why you still need to file to get your Tax Refund.

Need Help with your 2017 Tax Return?

Get your Tax Return DONE in 20 minutes or less with TaxTim!

Click here

How can I account for a lost laptop?

Posted 20 February 2013 under Tax Q&A

235 DAYS
LEFT OF
TAX SEASON
2017

TaxTim will help you:

Do Your Tax Return Easily

Avoid penalties

Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

I've just started up as a sole proprietor and would normally depreciate laptops etc over 3 years. However, this year I lost a laptop that was not insured, and had to replace it. Can I write off the full cost of the lost laptop in this year? If so, would this still fall under depreciation?

This entry was posted in Tax Q&A and tagged Salary / IRP5, Provisional Tax, Depreciation / Wear and Tear. Bookmark the permalink.

TaxTim says:
20 February 2013 at 15:37

If you replaced the laptop at some point during the year then you could depreciate the old one up until you lost it and then the new one from the day you bought it at the new value over 3 years.

Get SARS Tax Deadlines in your Inbox

We'll tell you when you need to file, along with tax tips and updates.