Wear and tear allowance
The s11(e) straight-line capital allowance on a movable asset you use to earn income, on the SARS Interpretation Note 47 basis.
Your asset
Sets the rebates for the tax-saved figure.
R
Cash cost, excluding finance charges (and input VAT if you are a vendor).
From the IN47 table, e.g. computers 3, furniture 6.
The share of use that earns income, 0 to 100.
R
Optional. Reveals the tax this allowance saves you.
This year’s allowance
- Wear and tear allowance
- R 0
An asset costing under R7 000 is written off in full in the year it is brought into use. Otherwise the cost is spread evenly over the write-off period, then reduced for business-use share. Recoupment on a later sale is handled in the full workspace.
Need the whole picture, with deductions, multiple incomes and a shareable report?