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  2.  
  3. University Of Johannesburg (UJ)
  4.  
  5. Taxation 200

Summary

Summary Special Inclusions
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A summary of a selection of special inclusions which do not meet the Gross Income definition but are specifically included, special exemptions are also discussed.

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  • February 10, 2018
  • 3
  • 2016/2017
  • Summary

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Special
Inclusio  Specifically included even if all requirements for
Gross Income not met
a) Annuities
 An investment which pays out a fixed,
ns periodic payment
 Characteristics: Fixed annual pmt,
Repetitive, Obligation to pay the client, No total debt amount
b) Alimony
 Characteristics: Amount payable to former spouse, By order of written
agreement, Via alimony, maintenance or allowance
c) Services
 All income from services rendered is gross income
 If an amount is received by one but another person rendered service,
the amount is taxed in the renderer’s service
 There does not need to be an employer to employee relationship, only a
casual link between parties is sufficient

cA & cB) Restraint of trade

 Payment to restrain a person’s ability to practice their profession or
business
 Capital in Nature
 Included for natural persons, labour brokers and personal services
companies

f) Commutations of amounts due

 Payments for outstanding leave and other benefits

g) Lease Premiums

 Payment made over and above the rental payment
 Full amount included for the Lessor

gA) Compensation for imparting knowledge

 Income from the use of knowledge or intellect is gross income




h) Leasehold improvements

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