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Module 7: Capital Allowances - Coggle Diagram
Module 7: Capital Allowances
Wear and Tear 11(e): Smaller assets (vehicles,trucks,office equipment)
Cost+installation+foundation/support
Write off period from IN 47
Apportion
items<R7000 write off in full
Claimed when brought into use
Manufacturing plant & machinery 12(C)
Not apportioned
Unused by TP for first time(doesn't need to be new)
LESSOR of cost & market value+installation,foundation/support
FIRST BROUGHT INTO USE
new: 40/20/20/20
secondhand:20/20/20/20
Building:S13:Manufacturing/Industrial
NOT APPORTIONED
cost-initial allowance-normal allowance
Table w/ dates
Use building: allowance claimed by seller. seller 10%,buyer 5%
Used in process of manufacture
WHOLLY/MAINLY
5% after 1Apr '99
Building: S13quin: Commercial
New and unused
cost limited to market value
not apportioned
5%
WHOLLY/MAINLY USED
Building:S13se
new and unused
improvements new & unused
TP owns unit & 4. used solely for trade
Unit in SA
@ least 5 units in SA
5% normal unit
10% on low cost=building<R300000. Apartment<R350000
monthly rental @ 1% of cost
acquired part of building:55% of acquisition price. 30% of improvements
COST:lessor of cost and MV
SBC
LESSOR of cost and MV
100% deduction in YOA
relocation costs:deducted in full in YOA
non-mfg assets:50%/30%/20%