The South African Revenue Service (SARS) has published an updated Guide to the Urban Development Zone Allowance (Issue 9), dated 17 January 2025. The UDZ incentive, first introduced in 2003, promotes investment in 16 UDZs in 15 inner cities through accelerated depreciation allowances for qualifying buildings. The depreciation allowance rates are granted as follows: Newly erected buildings, extensions, and additions: 20% of the qualifying costs in the year of assessment the building is brought into use, and 8% of the qualifying costs for each of the subsequent 10 years of assessment; Building improvements: 20% of the qualifying costs per year...