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Can wear and tear allowances be claimed on tents used for entertainments purposes?



TaxNerd says:
26 November 2015 at 15:32

A company bought tents for cover for their rooftop garden, which is used for entertainment purposes. Can wear and tear allowances be claimed thereon and what type of asset would it be classified as per Interpretation Note 47?

TaxTim TaxTim says:
26 November 2015 at 15:47

How much did it cost?

TaxNerd says:
26 November 2015 at 16:22

It cost a total of R48 696.49 and is not fixed onto the roof

TaxTim TaxTim says:
26 November 2015 at 21:30

Please see our Wear and Tear calculator.
You can use the rate applicable for "Furniture and Fittings".

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