Lee says: 18 September 2015 at 22:50 I would like to clarify wear and tear and write offs for personal items. I am a filmmaker, I was employed for half the tax year but require the equipment in order to be self employed. I purchased computer equipment & camera equipment. I also bought a hard drive for R2000. Can I claim the entire R2000 for the hard drive? Am I only able to claim wear and tear for the computer? |
TaxTim says: 20 September 2015 at 12:08 If you have assets that you use for work purposes and they are individually valued at less than R7 000 then you can write off the entire amount, but remember that if you used the asset for personal reasons at any time then you need to apportion for that use. |