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Depreciation on LDV for property rental business

Posted 29 November 2014

We have accumulated 8 rental properties over the last 10 years. I will soon retire and plan to do all maintenance myself, including some of the gardens. Will SARS accept depreciation on the LDV and tools that I plan to acquire and will it be acceptable to apportion these costs pro rata the various properties? Is it acceptable to combine all properties into one business for tax purposes?

TaxTim Marc TaxTim Marc said:
30 November 2014 at 20:03

It would be yes, if you run via a sole prop then all the incomes and expenses and write offs get pooled together.

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