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What supporting documentation is required for source code 4027?

Posted 4 November 2015 under Tax Questions


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Gavin says:
2 November 2015 at 19:01

I have been requested to submit to SARS A4 copies of the relevant material in support of the following declarations:

For source code 4027, depreciation of R6,299. 00 has been assessed against my ITR12 tax return and I have been asked for supporting documents. I purchased a laptop with my own money that I use after hours to catch up on work. What document needs to be submitted and what should it state?

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TaxTimTaxTim says:
3 November 2015 at 6:12

You need a letter from your employer stating that you are allowed to use your personal laptop for work purposes, proof of purchase of the laptop and then the calculation for how you arrived at the R6 299 deduction.


Gavin says:
3 November 2015 at 12:36

During my tax return Tim advised that any value under R8000.00 could be written off to depreciation.
The purchase price of the laptop was R6299.00 How would I show the calculation?


TaxTimTaxTim says:
4 November 2015 at 8:41

Did you only use the asset for business use?


Gavin says:
4 November 2015 at 9:16

No, personal & business use.


TaxTimTaxTim says:
4 November 2015 at 20:56

If you mainly use the asset for business use, say 80% then you can claim the entire amount, else you would need to apportion it between business and personal - perhaps based on the hours of the day you make use of it for each purpose. Provide this in a letter to SARS along with the letter from the employer and the invoice of purchase.


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