Lawn mower purchase

By Marc Sevitz · Updated 23 February 2016

Amiela said:
22 February 2016 at 15:24

We are a NPO and want to know if we can write off an lawn mower bought for cash second hand for R9000. 00

TaxTim Marc said:
23 February 2016 at 10:15

The limit is R7,000 for small asset write-offs. Therefore, assets purchased which exceed this amount, would need to be capitalised and depreciated per the SARS wear and tear rates.
How to calculate Wear and Tear

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Depreciation / Wear and Tear