TAX4862/1

The course syllabus includes the following main topics: Income tax, value-added tax, estate duty, anti-avoidance legislation, case law and tax planning.

TEST 1 PREPARATION

1
VAT definitions and registration
2
VAT S(7) and Ceasing to be a vendor. S(8)(2)
3
Principal Vs Agent VAT consequences and Deemed supplies
4
S9 Time Of Supply S10 Value Of Supply
5
Going concern and exports
6
Other Zero Rated Supplies Including Fixed Property
7
Exempts supplies and S(14) imports
8
S(15) Accounting Basis And Calculation Of Vat-1
9
Input Denied And Taxable Entertainment And Motor Car S17
10
S18, Change In Use S18 And Fringe Benefits
11
S18B Temporary Letting Of Residential Fixed Property
12
Important Gross Income Discussion
13
Gross Income Discussion
14
Quick look into exemptions
15
CGT Important Principles
16
CGT Base Cost
17
Primary residence, Personal use Assets
18
Non-Residents, Residents and DTAs
19
Solution Assessment 01 Solution
20
Donations Tax
21
Discussion Class -Donation Tax etc
22
Q2 Assessment –
23
Installment credit agreement -Lease and VAT

TEST 2 PREPARATION

1
General Deduction Fomular S11a Read With S23g
2
s11A PRE-TRADE EXPENDITURE AND APPLICATION
3
s23H Prepaid expenses
4
Special deductions.
5
Movable assets allowances S12C, 12E , S11e
6
Immovable Assets s13, s13quin, s13sex
7
Leases -Income tax s11a, s11(g), s11(f), par(h) and par (g)
8
s12N Leasehold improvements to exempt entities
9
Recoupments s8(4), Roll overs , par66, par65 , s8(4)e
10
S8(5) Recoupment Asset Not Returned To The Lessor
11
Trading stock s22, and s23F
12
S24, 24C Allowances
13
s 25D : Asset acquired in foreign currency
14
s 24I Discussion technique
15
s24I(7) Deferral of fx differences – Asset not brought into use
16
LEVEL 2 ONLY s24I 10(A)- Fx differences not recognised
17
LEVEL 2 ONLY S24I 10(A)- Fx Differences recognised after realisation
18
S24J Discussion.
19
LEVEL 2 ONLY s31 – Transfer Pricing Transactions
20
S19 VS Par12A quick review

TEST 3 PREPARATION

1
Individuals Tax Principles
2
Assessed Losses s20A
3
Deductions (s23m) Salary vs mainly commission
4
s11F- Deduction of contributions to a fund
5
Fringe benefits 7th Schedule
6
Fringe benefits -Value of Acquired Assets
7
Fringe Benefits -Value Of Use
8
Fringe Benefits-Right Of Use Of Motor Vehicle
9
Fringe Benefits- Other Benefits
10
S8c Restricted Instruments
11
Vat Implications On Fringe Benefits
12
S8 Allowanaces
13
S6, 6A, 6B Rebates and s7B
14
Employees tax
15
Taxation of lump-sums received
16
Provisional Tax- Basic Amount And Theory
17
Provisional tax – Penalty and Payment
18
TAX admin- recycled video
19
LEVEL 2 ONLY ESTATE DUTY THEORY
20
LEVEL 2 ONLY -QUESTION ON ESTATES
21
Tax revision
22
LEVEL 2- ESTATE DUTY LEVEL 2 ONLY DISCUSSION

TEST 4 PREPARATION

1
Personal service provider
2
SBC Discussion
3
Dividend as defined
4
Contributed Tax Capital explained
5
S64D Dividend Tax
6
Tax implications
7
Vat Implications
8
Share dealer vs Investor and CGT
9
Dividend stripping and par 19
10
Dividend in a liquidation
11
Trust theory
12
Applying s7C
13
s7 and s 25B principles
14
Capital gains in a Trust par 73
15
Level 2 Only Corporate Rules
16
s24BA, 40CA and s40C
17
ADDED FOR CGT ESTATES

REVISION

1
CLASS ONLINE
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Enrolled: 106 students
Lectures: 83

Working hours

Monday 24 Hours
Tuesday 24 Hours
Wednesday 24 Hours
Thursday 24 Hours
Friday 24 Hours
Saturday 24 Hours
Sunday 24 Hours
TAX4862/1
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