IBC SOLAR Webinar: Maximizing Tax Write-Offs in Solar Investments

In this insightful webinar, Leonard Mathee, Managing Director of The Tax Shop Accountants in Plattekloof, unpacks the details of tax write-offs for solar investments in South Africa. Leonard discusses the specifics of Sections 12B and 12BA of the Income Tax Act, which provide tax incentives for businesses and individuals investing in solar energy. He explains how businesses can benefit from a 125% deduction on qualifying solar assets, outlines the requirements, and answers critical questions from attendees. Leonard also explores the solar tax rebate available to individuals, offering practical examples and tips on how to claim these deductions before the 2025 deadline.
Whether you’re a business owner looking to optimize your tax benefits or an individual considering a solar installation, this webinar provides essential knowledge to help you navigate the tax landscape of solar investments. Don’t miss out on the opportunity to maximize your savings!
Recorded on: August 22, 2024
Duration: 24m 4s
Topics Covered:
Understanding Section 12BA for businesses
Examples of how to calculate the 125% tax deduction
Key deadlines for claiming solar tax deductions
Solar tax rebate for individuals (Section 6 and 6C)
Requirements and documentation needed to claim tax benefits
Q&A session with expert insights
#IBCSolar #SolarTaxIncentives #TaxRebates #RenewableEnergy #SouthAfrica #madelifeeasier