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  • University Of South Africa (Unisa)
  • TAX2601 - Principles Of Taxation
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TAX2601 Assignment 5 Semester 1 of 2022

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TAX2601 - Principles Of Taxation
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TAX2601 ASSIGNMENT 5 SEMESTER 1 OF 2022




Max Style (Pty) Ltd Taxable income
R
Starting Taxable income 4 165 000,00



S12 C Allowance - Manufacturing machine Alpha - 27 200,00
S12 C Allowance - Manufacturing machine Beta -I have added the creane high costs in line with S12C additional costs incurred
- 93 400,00
S12 C Allowance - Manufacturing machine Delta - 28 900,00
S11e allowance -Catering equipment - 41 666,67
S11e allowance -Computer equipment - 27 777,78
S11e allowance - office equipment - 1 875,00
S12C Manufacturing machine Gamma - 13 400,00


Machine Gemma:
Selling price limited to Cost 3 500,00
Less tax base (Cost less total allowance) - 13 400,00
S 11 0 Scrapping allowance - 9 900,00


CGT:
Proceeds 3 500,00
Less base cost - 13 400,00
S13 (1) allowance -factory building KZN1 - 109 000,00

Total cost 2 180 000,00

S 11d -Repair deduction for the factory roof fixed - 36 000,00

S 13(1) allowance KZN 2 Factory building - 160 000,00


FOR ACCADEMIC NEEDS CONTACT /0651609781

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