Buying a GPS - tax deductible?

[gerhardsnorbaard]

This phrase hurt me. But I will overlook it.

 

The deductibility of any expenditure hinges on a close causal link between that expenditure and the income producing activities of the taxpayer. You seem to have proved that you can create a link between generating income and the associated expenditure.

 

The next issue is the nature of the expenditure, is this a capital acquisition? I would argue yes, which means you be leaning towards a capital allowance over a number of years rather than a revenue deduction in terms of section 11(a).

 

Or, if the GPS unit is less than R7000, then just claim the full value of the asset as a deduction in the year of acquisition.

 

Just hypothesizing here.

Thanks for this, my laptop is going off over 4 years. My accountant will slap me

[gerhardsnorbaard]

never used it myself but would a garmin terrex not work good for you ?

Jip, looking at Garmin Etrex 30. Approx 3600

[madbradd]

I would argue that a Fenix could be deductable for your business.... specifically because you could use the "save location" function to allow you to remember where the dam / client is for next time. 

[mazambaan]

He he some good stuff here  . Bottom line seems like you can claim whatever the hell you like but you are going to pay the national GDP shortfall if you get audited. Unless you are JZ or JM of course.

[Pure Savage]

Actually a good idea - a company should in fact have n+1 branded/logo-ed bikes that they give out for free useage as advertising platform. 

 

Is this not what Telkom do with their local pro team?

[Tony datoy]

* Etrex

Although a bit bulky, I use a Dakota 20 with handlebar mount.

The unit has HRM, elevation plot, tracks, etc.

http://www.gpsinformation.org/penrod/dakota/dakota.html

T

[pe3nguin]

you can claim whatever the hell you like 

 

If you can substantiate your position in terms of applicable legislation, case law or both - then yes.

 

More often than not the onus rests with the Taxpayer (s102 of TAA) and our ipse dixit goes a long way to making Mister Taxman go away.

 

Box smart.

[KingTJ]

Only the depreciation side of it...it will be treated as an asset and deducted over 3 years, same as a computer, unless you are leasing it in, which case you you can run the leasing as an expense item on cost side.

[GLuvsMtb]

Only the depreciation side of it...it will be treated as an asset and deducted over 3 years, same as a computer, unless you are leasing it in, which case you you can run the leasing as an expense item on cost side.

If the item is less than R7k, a full deduction is allowed.