Can wear and tear allowances be claimed on tents used for entertainments purposes?
By Marc Sevitz · Updated
A company bought tents for cover for their rooftop garden, which is used for entertainment purposes. Can wear and tear allowances be claimed thereon and what type of asset would it be classified as per Interpretation Note 47?
How much did it cost?
It cost a total of R48 696.49 and is not fixed onto the roof
Please see our Wear and Tear calculator.
You can use the rate applicable for "Furniture and Fittings".
You can use the rate applicable for "Furniture and Fittings".