Capital allowances – the tax benefit of capital assets
|CPD Hours:||Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
Capital assets are a crucial and integral part of any business, whether it be on a large manufacturing scale, or a small administrative platform. While most expenditure of a capital nature might not be deductible for tax purposes, there are tax allowances available for qualifying assets employed in their trade. In order to utilise the benefit of these allowances, one needs to know when and how they are available to the taxpayer. We offer a session aimed at exploring these possible deductions and how they can benefit the taxpayer.
This session will address matters including, but not limited to, the following: • Wear and tear and “scrapping” allowances • Allowances for lessees and lessors • Allowances for renewable energy • Accelerated allowances (including those for small business corporations) • Building allowances (commercial and residential) • Credit agreements and debtor allowances • Future contract costs • Limitation of allowances on certain assets
☒Financial managers ☒Tax Practitioners ☒Auditors ☒Bookkeepers ☒Financial accountants ☒First year SAICA Trainees ☒Second year SAICA trainees ☒Third year SAICA trainees