Tax incentive for solar power

In terms of section 12B(h) of the Income Tax Act, No. 58 of 1962, as amended, taxpayers may deduct costs related to their solar installation from their taxable income. Of course, not everything counts as a deductible expense. The costs that may be deducted are as follows: installation planning costs; panel delivery costs; installation costs; […]

The South African tax consequences of buying and selling Cryptocurrency

Cryptocurrency (“Crypto”) refers to a digital currency that can be used to buy goods and services. Crypto uses technology called blockchain, which is a decentralised technology that is spread across many computers that manages and records transactions. Part of the appeal of this technology is its security (more people check and verify transactions). Crypto transactions […]