Taxation (ACCT341)

Assessed losses & other allowances Summaries for principles of S24, S20 & S20A

In depth summary of the tax framework for natural persons. Information is colour coordinated and displayed in the form expected in the exam (the tax framework) with information under each line item for easy understanding. Covers information regarding the calculation of rebates and S11F deductions among others.

High-level summary on the breakdown of the gross income definition that covers the first 4 weeks of lectures, with reference to income tax act and case law principles regarding what constitutes an amount, cash or otherwise, received, accrued, a resident, the source of income, and amounts of a capital nature. Notes are colour coordinated and easy to understand.

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.

In depth summary on the estate duty framework and introduction to estate planning. Notes are colour coordinated and valuation sections are grouped with the corresponding property type and described in simple terms, so as to make sense of this relatively daunting topic.

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.