Lml4804 notes Study guides, Study notes & Summaries

LML4804 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!) QUESTION 1 (GROSS INCOME) Mr Makubu is a South African resident who owns a panel beating (motor vehicle repair) business, His-Way Mechanics, in Pretoria. On 13 January 2023, Mr Makubu entered into a contract with Mr Naidoo whereby Mr Makubu was to purchase parts needed for the repair of vehicles in his business in Pretoria. The agreement provided that Mr Naidoo would be paid R10 000 upo...

LML4804 EXAM PACK 2023 LATEST QUESTIONS WITH ANSWERS. Income Tax: QUESTION 1 During the 2003 tax year, Mr Johnson leased a dilapidated but wellsituated shopping centre for a period of 10 years. He intended to sub-let it at a profit. Mr Johnson had to renovate the property in order to render it suitable for letting. His expenditure in this regard during the 2003 tax year included an amount of R30 000 for the replacement of broken windows, an amount of R80 000 for the painting of the buildi...

LML4804 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for 2024 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!

LML4804 - Exam test bank includes October november exam 2022 QUESTION 1 (CAPITAL GAINS TAX) After successfully suing The News, a newspaper, for R 5 million, for erroneously publishing that he was a suspect in a cash-in-transit heist, Madala resigned from his job as a diesel mechanic. He immediately went on a shopping spree. Madala bought a customised G-Van for R 900 000 to be used for special trips, and a Badoo Sport for R 300 000 to be used for his short trips. He also bought a penthouse...

LML4804 Assignment 3 Semester 2 2023.Detailed working, solutions, memo, notes & explanations.

Contains exam revision notes • Summary of the course material • Summarised notes • lecturer's exam tips and examples • Helps you see what questions are likely to be asked, and how to answer them. Always helpful for assignments and exam preparation.

TAX LAW NOTES: STUDY UNIT 1 INTRODUCTION TO TAXATION State Expenditure and Financing: State expenditure is financed through: 1. Increasing the supply of money in the economy – minting own money; 2. Loans; 3. Generating own income. Generating states “Own Income” can be done by; 1. Sale or lease of property; 2. State enterprises and monopolies; 3. Taxes, duties, levies, and user charges. What is tax? Compulsory contribution, payable in money or in kind, to a taxing authority, a...

Contains exam revision notes • Summary of the course material • Summarised notes • lecturer's exam tips and examples • Helps you see what questions are likely to be asked, and how to answer them. Always helpful for assignments and exam preparation.

LML4804 EXAM PACK 2022. During the 2003 tax year, Mr Johnson leased a dilapidated but wellsituated shopping centre for a period of 10 years. He intended to sub-let it at a profit. Mr Johnson had to renovate the property in order to render it suitable for letting. His expenditure in this regard during the 2003 tax year included an amount of R30 000 for the replacement of broken windows, an amount of R80 000 for the painting of the building, an amount of R250 000 for the replacement of broken...

STUDY UNIT 1 INTRODUCTION TO TAXATION State Expenditure and Financing: .........continued