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Ubuntu (Pty) Ltd owns an office building from which it earns rental income. The CEO did not like the colour of the new roof tiles
Ubuntu (Pty) Ltd owns an office building from which it earns rental income. The CEO did not like the colour of the new roof tiles that were installed in the prior year of assessment at a cost of R180000. The company replaced it with new roof tiles that are differently coloured on 1 April 2021 at a cost of R410 000, in order to improve the appearance of this property. Determine the amount that Ubuntu (Pty) Ltd can deduct as repairs in calculating the taxable income for the 2022 year of assessment ending 28 February. O a. R180 000 O b. R Nil O c. R20 500 O d. R410 000 Time left 2:38:17 Question 10 Not yet answered Marked out of 1.00 Flag
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