Taxation (ACCT341)

Summary of the key gross income exemptions as per the income tax act, set out in an understandable manner.

In depth summary on tax avoidance as per the income tax act, as well as guidance relating to answer layout in theory questions. The examinable provisions of the tax administration act are summarised in a way so as to include the important ideas.

Summary of the key gross income special inclusions as per S1 of the income tax act, that are examinable in third year tax, set out in an easy-to-understand manner.

In depth summary of the man provisions in the income tax act regarding donations tax, including exemptions and valuations of limited interests such as usufructs, fiduciary interests and bare dominiums, set out in a step-by-step manner.

An in-depth summary of the examinable provisions of the VAT Act and relevant case laws, set out in simple language and a well-structured manner.

In-depth summary on the recognition of Small business corporations (SBCs) and general theory on taxation of companies, as well as the examinable theory on dividends tax.

Well-structured summary on how to calculate employees tax and provisional tax, set out in the manner expected of us in assessments (displayed in the form of the relevant tax framework with notes for each line item for a clear picture.

An in-depth summary of how to determine and calculate taxable capital gains for a natural person and company, according to the CGT model with reference to the 8th schedule of the income tax act.

Summary of the key special deductions in the determination of taxable income, with reference to S23 of the income tax act among other sections. This document also summarises what constitutes an assessed loss and how to treat them in different situations.

This is a simple and effective notes to help you understand the concepts and principles taught in the 3rd year of Taxation. The summary is guaranteed to give you a good indication of what usually comes out in the tests and exams. There is an in-depth analysis of each topic studied in the 1st semester of Taxation 3rd year. It contains the following topics: - Special inclusions - Exemptions - General deductions - Special deductions - Assessed losses - Capital allowances - Capital Gain...