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S12C Wear and Tear Calculator

Work out Wear and Tear on Plant and Machinery


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Business
Tax Returns
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TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

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Section 12C provides for a special wear and tear allowance in respect of certain new or used assets that are owned by the taxpayer and were brought into use for the first time.

If you are a Small Business Corporation, please use our SBC calculator instead.

NOTE: SARS may ask you for proof / documents describing the below

Select your asset type:
New, unused plant and machinery directly involved in process of manufacture.
Used/second hand plant machinery directly involved in the process of manufacture.
New, unused plant and machinery used for Research and Development activites which have been approved by the Minister of Science and Technology.

Date on which asset was brought into use for the first time:  

Purchase amount:   R

Your financial year end:  




Small
Business
Tax Returns
Made Easy


TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

TaxTim asks you simple questions about your business, then processes your answers and completes your ITR14 business tax return instantly.

Get started