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

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

Insurance paid out to cover the cost of installing new units. Would this be capitalised?

Posted 20 February 2014 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Our aircons were stolen and insurance paid out to cover the cost of installing new units. Would this be capitalised? The expense is R19 000.

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

TaxTimTaxTim says:
24 February 2014 at 10:58

This would be a replacement of assets and would go back onto the balance sheet similar to the ones that were replaced.


Get SARS Tax 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 →