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GT Shield

"depreciable asset"

means an asset as defined in paragraph 1 of the Eighth Schedule (other than trading stock and any debt), in respect of which a deduction or allowance determined wholly or partly with reference to the cost or value of that asset is allowable in terms of this Act for purposes other than the determination of any capital gain or capital loss;

[Definition substituted by section 5(1)(a) of  the Revenue Laws Amendment Act, 2007 (Act No. 35 of 2007)]