In URBAN DEVELOPMENT ZONES (UDZ) the erection/acquisition or improvement of buildings are subject to an allowable deduction in the form of an accelerated depreciation allowance. This deduction is available until 31 March 2021.
The following forms can be downloaded below and must be completed and retained for a period of five years after the date of submission of the return in which the amount was claimed:
UDZ1: This form is for deduction claimed for the erection or extension of or addition to or improvement of a building/part of a building within an Urban Development Zone
UDZ2: This form is for deduction claimed for the purchase of a building/part of a building within an Urban Development Zone”
UDZ3: This form is the developer’s declaration of compliance with the requirements of section 13quat.
UDZ4: “Developer information”. This form must be submitted to:
Legal and Policy Division: Legislative Policy
Private Bag X923
Pretoria
0001
or sent via e-mail to udz4@sars.gov.za
Top tip: The UDZ1 and UDZ2 forms must be retained for a period of five years after the date of submission of the return.
Disclaimer
All information, content and data on SARS websites and associated facilities, including but not limited to software, hyperlinks and databases, is the property of or licensed to SARS and is protected under applicable South African laws. Unauthorised usage of content and/or information is strictly prohibited. No person, business or web site may reproduce this site, contents, information or any portion thereof.