The following allowable write off periods are extracted from SARS Interpretation Note 47 of 2009 which replaced Practice Notes 15, 19 and 39. Any one asset (or set of assets, such as a set of chairs) with a cost of less than R7 000 may be immediately expensed rather than capitalised. There are special wear and tear rules for Small Business Corporations. Asset type Years Adding machines 6 Air conditioners: Window type 6 Mobile 5 Room unit 10 Air conditioning assets (excluding pipes, ducting and vents): Air handling units 20 Cooling…
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