You can claim a scrapping allowance when you sell a business asset, it is stolen, you lose it or it’s destroyed (say in a fire) and the amount you received for it is less than the net tax value of…

The 2015 tax season (March 2014 to February 2015) opens on 1 July 2015 and this raises the annual question of which individuals are required to submit an IT12 annual tax return. As per Government Gazette 38874 dated 12 June…