Are computer components (CPU, RAM, etc.) considered to be "part of a set"?
By Marc Sevitz · Updated
The total amount was about R7,671. 16 ?%u20AC%u201C which means that I can't write this off if they are considered to be part of a set. Are they? Or can I write off all 6 items, as each of them cost less than R7,000?
Thanks. [*] https://www. Taxtim. Com/za/blog/tax-deduction-asset-write-off-for-small-items
You have installed these items to make up part of a set, they unlike the engine of a plane which is separate to the fuselage etc, make up one part of the plane. The computer itself would be one item so unfortunately you would not be able to write it off in one year.
Okay, thanks.
BTW, I'm assuming that once I stop working (I have resigned), I can no longer include depreciation deductions – is that correct? I resigned at the end of 2014, can I claim: depreciation amount x 4/6 for the second provisional period, or nothing at all? If nothing, do I need to undo the deducted depreciation for period 1 as well?
BTW, I'm assuming that once I stop working (I have resigned), I can no longer include depreciation deductions – is that correct? I resigned at the end of 2014, can I claim: depreciation amount x 4/6 for the second provisional period, or nothing at all? If nothing, do I need to undo the deducted depreciation for period 1 as well?
You are able to claim for the period that you are working only. So yes you would apportion between the periods you were earning income and that which you weren't.
Thanks for your help. :-)
Only a pleasure!