Telephone costs yes. Remember you need to apportion all costs for business use only.
Billsays: 25 November 2013 at 9:39
How could they go go under depreciation/wear and tear if they are under R7000, from what I understand they get put under capital expenditure written off?
So to confirm 3G Internet used in a laptop on the road and ADSL Internet both used for business use go under telephone cost?
TaxTimsays: 27 November 2013 at 10:07
Capital expenditure is different to wear and tear, assets used for manufacturing go under capital allowances and equipment like laptops under wear and tear.
Yes to the second question.
Billsays: 27 November 2013 at 21:01
Thanks a lot for the answers! So to confirm the R1400 for the new Hard Drive for my business computer and R4500 for a Laptop, go under wear and tear and because each item is under R7000 they get depreciated for the full value in the tax year they are purchased.
TaxTimsays: 28 November 2013 at 12:42
Yes, that is correct. The wear and tear allowance for small items is per item if they can be separately identified and would go under the depreciation block on the return.
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