Businesses can claim various deductions and allowances against their taxable income, including wear and tear (depreciation) on assets like machinery and equipment, allowances on expenditure related to intellectual property (patents, copyrights, etc.), specific allowances related to industrial buildings, and allowances for learnership agreements (Section 12H of the Income Tax Act). There are also allowances for assets used in farming or the production of renewable energy. Furthermore, allowances are also given under section 13 quat for buildings situated within Urban Development Zones.