LML4804 Tax Law

LML4804 EXAM PACK 2023

LML4804 EXAM PORTFOLIO DUE 2 JUNE 2023 ANSWERS

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 Answers For 1-2 June Exam| Due TODAY 2nd June 2023

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QUESTIONS WITH ANSWERS

QUESTIONS AND ASNWERS

This document contains workings, explanations and solutions to the LML4804 Assignment 1 Semester 2 2022

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.

1.1 Without considering the different years of assessments, discuss the capital gains tax consequences of the assets belonging to Mario. [10 marks] 1.2 Discuss the capital gains tax consequences of an asset belonging to Buhle. [5 marks] SUB-TOTAL FOR QUESTION 1 [15 marks] LML4804 September/November 2021 QUESTION 2 (TAX ADMINISTRATION, TAX AVOIDANCE AND TAXPAYER) Lousie is employed as a sales agent and car mechanic for T&K Motors Ltd (“T&K Motors”). She earns R650 000.00 per annum. On ...