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…

If you owe SARS more money than you can afford to pay then you are a candidate for a tax compromise. In a nutshell SARS is willing to “park” some (not all) of your current debt in order to ensure…