[Question] Self developed Software Depreciation

[IntelliSales]

I hope someone can help me: I have developed a software product myself, which I subsequently started selling trough a CC of which I am the sole member. I now want to get the tax sorted out for the CC, and I want to know whether I am able to depreciate the asset value of the product that I developed, and if so, how do I determine the value of the asset?

Could I alternatively show that the company "bought" the product from me in the way of a loan account? I really need help on sorting this issue out, and have tried more than one accountant who does not really know how to handle this best.

[Dave A]

Have you checked out this thread on depreciation of software?

The other thought that floated to mind - I think SARS launched a special incentive for locally developed software... can't recall the details offhand - but maybe someone else will come up with the details.

[IntelliSales]

Have you checked out this thread on depreciation of software?

The other thought that floated to mind - I think SARS launched a special incentive for locally developed software... can't recall the details offhand - but maybe someone else will come up with the details.

Thank you Dave, I'll follow that up...