Costs of protecting yourself against crime must be tax deductible, says lobby group 23 February 2021 - 12:10 By TimesLIVE Anti-crime tech costs should be tax deductible, says TLU SA. Stock photo. Image: 123RF/prykhodov
High walls, security cameras, burglar alarms, electric fences, razor wire, armed-response services and home insurance: A lobby group has launched a campaign for all these expenses to be deducted from tax.
TLU SA said on Tuesday it wants a change to section 23(b) of the Income Tax Act, which prohibits South Africans from deducting security expenses from income tax even though companies can deduct these costs.
“Countless South Africans have been subjected to the gravest invasion of their freedom by becoming victims of violence,” said Henry Geldenhuys, the president of TLU SA.