Zuydam Konsult | Audit – Tax – Accounting Solutions

Tax allowances against assets used for purposes of trade

The Income Tax Act[1] allows for various income tax allowances to be claimed in respect of moveable assets used for purposes of a taxpayer’s trade.   Most commonly, section 11(e) provides for a deduction equal to the amount by which the value of any machinery, plant, implements, utensils and articles have diminished by reason of […]

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies
X