Tax2601 -Assignment 5 whatsapp 0629332765 for assistance with other modules
ASSIGNMENT 5 MEMO WHICH WAS DILIGENTLY PREPARED BY A PROFESSIONAL
TAX2601 TUTOR. ALL CALCULATIONS ARE INCLUDED.
ASSESSMENT 5
PRINCIPLES OF TAXATION
TAX2601
2024
Semester 2
Department of Taxation
Question 1
a) For transaction 1, discuss whether the payment of R102 000 made to Easy
Elevators (Pty) Ltd qualifies as a deductible expense in terms of the general
deduction formula (section 11(a) read with section 23) for RentCo (Pty) Ltd.
1) Carrying on of trade – By owning various buildings for commercial and residential
rentals, RentCo (Pty) Ltd are carrying on trade.
2) Expenditure or loss – the is an expenditure of R102 000 payment made to Easy
Elevators (Pty) Ltd.
ASSIGNMENT 5 MEMO WHICH WAS DILIGENTLY PREPARED BY A PROFESSIONAL
TAX2601 TUTOR. ALL CALCULATIONS ARE INCLUDED.
ASSESSMENT 5
PRINCIPLES OF TAXATION
TAX2601
2024
Semester 2
Department of Taxation
Question 1
a) For transaction 1, discuss whether the payment of R102 000 made to Easy
Elevators (Pty) Ltd qualifies as a deductible expense in terms of the general
deduction formula (section 11(a) read with section 23) for RentCo (Pty) Ltd.
1) Carrying on of trade – By owning various buildings for commercial and residential
rentals, RentCo (Pty) Ltd are carrying on trade.
2) Expenditure or loss – the is an expenditure of R102 000 payment made to Easy
Elevators (Pty) Ltd.
