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Buying a GPS - tax deductible?


gerhardsnorbaard

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Posted

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. 

Posted

He he some good stuff here  :eek: . 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. :ph34r:

Posted

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?

Posted

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.

Posted

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.

Posted

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.

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