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Tax deduction - Asset write-off for small items

Posted 1 August 2013 under Tax Q&A


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Is it true that the acquisition of "small" items at a cost of less then R 7000 per item may be written off during the year of acquisition? I bought a laptop for R 6999.00 in December 2012. I am a IT contractor.

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TaxTim TaxTim says:
4 August 2013 at 19:07

Yes you can deduct this one item as a full depreciated amount if it is less than R7000.

Christa says:
5 August 2013 at 16:18

Is the R 7000 per item, or can it be multiple items to the limit of R 7000?

For example: Can I buy 3 items all valued at less than R 7000 and claim all of them in the same year?

Thanks Tax Tim

TaxTim TaxTim says:
7 August 2013 at 10:48

As long as they are not connected to one another or form part of a set then the individual assets can be written off provided each item costs less than R7000.


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