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May I deduct for depreciation on photographic equipment bought in 2010 now being used for work?

Posted 23 July 2015 under Tax Q&A


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Krisj says:
23 July 2015 at 10:25

I bought photographic equipment over a period since 2010, the last in February 2015. My previous employer supplied me with equipment to do my job, with the result that I was not allowed any tax deductions for wear-and-tear (depreciation). At my current employer I am using my own equipment on a base of about 60% for work and 40% for private use. Am I allowed to deduct in 2015 for equipment bought since 2010 until 2015?

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TaxTim TaxTim says:
23 July 2015 at 12:26

Yes, you may deduct wear and tear on the equipment you bought in prior years. You can't deduct "catch up" wear and tear from prior years but just the deduction relevant to the current year.
You must pro-rata it based on your work use and be prepared to justify this split to SARS if required.
Photographic equipment is depreciated over 6 years. Please use our calculator below to guide you further.

How to calculate Wear and Tear


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