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Depreciation on LDV for property rental business

Posted 29 November 2014 under Tax Questions



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We have accumulated 8 rental properties over the last 10 years. I will soon retire and plan to do all maintenance myself, including some of the gardens. Will SARS accept depreciation on the LDV and tools that I plan to acquire and will it be acceptable to apportion these costs pro rata the various properties? Is it acceptable to combine all properties into one business for tax purposes?

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TaxTimTaxTim says:
30 November 2014 at 20:03

It would be yes, if you run via a sole prop then all the incomes and expenses and write offs get pooled together.


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