Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Dates and Deadlines in your Inbox
 

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

Depreciation for computer under R7000 value

Posted 26 July 2013 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Some years ago SARS advised me that I could write off in year one capital goods for my business (computer) under R7k in value (accelerated depreciation).

Is this correct?

This entry was posted in Tax Questions and tagged . Bookmark the permalink.

TaxTimTaxTim says:
31 July 2013 at 23:39

Yes this is correct as long as the cost is less than R7000 and not more than that amount and you are trying to depreciate a part of the asset.


Get SARS Tax Dates and Deadlines in your Inbox
 

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

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →