100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Previously searched by you
Previously searched by you
logo
To add items to your wishlist, you must be logged in
Summary

Summary Farmers' Tax

Rating
-
Sold
-
Pages
4
Uploaded on
10-02-2018
Written in
2016/2017

A brief summary of taxation for farmers including special relief for drought in par 13.

Institution
University Of Johannesburg (UJ)
Course
Taxation 200








Whoops! We can’t load your doc right now. Try again or contact support.
Report Copyright Violation

Written for

Institution
University of Johannesburg (UJ)
Course
Taxation 200
All documents for this subject (12)

Document information

Uploaded on
February 10, 2018
Number of pages
4
Written in
2016/2017
Type
Summary

Subjects

Content preview

Farmers Tax
Farming has 2 components: (ITC 1319)

 Intention to farm
 Reasonable expectation of profit

Stock

 Livestock are animals which the farmer farms
 Produce is harvested produce on hand
 - OPS
 + CS
 Value of OPS and CS
CS = std val (may elect higher but not more than 20%)
OPS = Last yr CS + MV of donations or div specie or inheritance + MV change
int

Produce

 Fair and reasonable value
 In practice, lower of average or MV of production

Par 8 ltd on 11(a)

8(1)

Farming Income

CS – std

(OPS) – std (no inheritance or donations)

Allowed portion




Disallowed portion

More courses for University of Johannesburg (UJ) >

R50,00
Get access to the full document:
100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached
Get to know the seller
Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
sjg2797
4,5
(2)

Document also available in package deal

Thumbnail
Package deal
Taxation 200 Summaries
-
6 11 2018
R 550,00 More info

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
sjg2797 University of Johannesburg
View profile
Follow You need to be logged in order to follow users or courses
Sold
30
Member since
7 year
Number of followers
24
Documents
73
Last sold
2 year ago

I am an aspiring CA(SA) who has a passion for leadership and education. I want to distribute my academic expertise to help other students realise their dreams of becoming a CA(SA).

4,5

2 reviews

5
1
4
1
3
0
2
0
1
0

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions