Amiela says: 22 February 2016 at 15:24 We are a NPO and want to know if we can write off an lawn mower bought for cash second hand for R9000. 00 |
TaxTim says: 23 February 2016 at 10:15 The limit is R7,000 for small asset write-offs. Therefore, assets purchased which exceed this amount, would need to be capitalised and depreciated per the SARS wear and tear rates. How to calculate Wear and Tear |