n Without Prejudice - New allowance on commercial buildings : tax
|Article Title||New allowance on commercial buildings : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Nov 2007|
Though taxpayers have, for many years, been permitted to deduct capital allowances on movable assets used for business purposes, no similar tax relief has been available for buildings. This is aside from the allowances for buildings used to house manufacturing operations and certain hotels, aircraft hangars, residential complexes and buildings in urban development zones.
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