TAX MATTERS: Capex rebasing: Good policy that needs tweaking

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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-266896.mp3?cb=1732288712.mp3Capital allowances are incentives granted to taxpayers incurring expenditure on business assets. They are available on qualifying capital expenditure incurred on the provision of certain assets to be used in the production of income or for the purposes of trade. There are of two types, namely Special Initial Allowance (“SIA”) and Wear & Tear (“W&T”).…