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Where on on the ITR12 do purchases like PC's under R7000 get filled in? And Internet Expenses?

Posted 23 November 2013 under Tax Q&A


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For Home office outlays where on the ITR12 form would I put R1400 spent on a new Hard Drive for my business computer and R4500 for a Laptop - do they go under capital expenditure?

And are 3G or ADSL Internet expenses added to telephone costs and put under the Telephone heading?

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TaxTim TaxTim says:
24 November 2013 at 21:06

Those would go under depreciation/wear and tear.

Telephone costs yes. Remember you need to apportion all costs for business use only.

Bill says:
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?

TaxTim TaxTim says:
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.

Bill says:
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.

TaxTim TaxTim says:
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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