|
Capital allowance |
4th schedule paragraph |
Limit For 2024 |
|
Passenger Motor Vehicle |
14(1)(m) |
The limit is pegged at US$10,000.00 or ZiG equivalent |
|
Any Staff Housing |
1(p) |
The limit is pegged at US$25,000.00 or ZiG equivalent |
|
School, hospital, nursing home or clinic |
15(2) |
The limit is pegged at US$10,000.00 or ZiG equivalent |
|
Staff housing for employees at a school, hospital, nursing home or clinic which qualifies as farm improvements and alteration and additions thereto. |
15(3) |
The limit is pegged at US$10,000.00 or ZiG equivalent |
|
SIA for Small to Medium Enterprises |
Para 9(g) |
50% allowed in first year of use and claim and balance over two years @ 25% as accelerated wear and tear. w.e.f 1/01/2011 |
|
Buildings, Improvements, Machinery and Equipment used for Commercial, Industrial and farming |
Para9(h) |
25% SIA from 1/1/2010 or any subsequent year of assessment Commercial Buildings do not attract SIA For Licensed Investors, (SIA) 50% allowed in first year of use and claim and balance over two years @ 25% as accelerated wear and tear. |
|
Special Mining Operations |
22ndSchedule |
|
|
Residential Unit erected on or after 1stJanuary 2018 used for housing the holder’s employees. |
Para 6 (2) (f) (v) |
The limit is pegged at US$25,000.00 or ZiG equivalent |
|
Passenger motor vehicle purchased on or after 1stJanuary 2009 |
Para 6 (2) (g) (v) |
The limit is pegged at US$10,000.00 or ZiG equivalent |
|
Residential unit used by employees at the school, hospital, nursing home or clinic |
Para 6 (2) (h) (ii) (IV) |
The limit is pegged at US$10,000.00 or ZiG equivalent |