Section 12b of the Income tax Act no 58 of 1962 (As amended)
Makes provision for Companies and Trust’s to save on tax by writing the cost of the solar system off in one financial year.
If the Solar System cost R100 000 the possible saving on tax could be R28 000.
For instance, if your company-built carports at the business site and put solar panels on top, the entire structure plus the solar system can be written of in one financial year.
Contact us to book an appointment to find out how much you can save in tax benefits with your own solar installation.
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