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Minimum asset write off for depreciation?

Posted 8 February 2016

Dawie says:
8 February 2016 at 10:19

What is the amount per asset that you can immediately wright of for example if an asset cost less than R7000 you can depreciate it to R1 immediately to pay less tax?

TaxTim TaxTim says:
8 February 2016 at 13:19

Yes, correct - any single asset costing less than R7,000 (which is not purchased as part of a group of assets) can be written-off immediately in the year of purchase.

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