A R21 million-rand – and growing – refuse removal bill is at the center of a court application brought by the Johannesburg Property Owners and Managers Association (JPOMA) against the City of Johannesburg and its contracted refuse collector Pikitup this week.
What are Capital Allowances?
Capital allowances are a relief from income tax and are based on the capital expenditure incurred on the provision and installation of certain fixed assets in a building that suffer wear and tear, as well as on various types of properties, including certain industrial buildings and hotels.
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