INCOME TAX LAW LML4804 (LML4804)
University of South Africa (Unisa)
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INCOME TAX LAW LML4804 ASSIGNMENT 1 SEMESTER 2 2023 MEMO
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This document contains answers of LML4804, Assignment 1 Semester 2.

(a)	The lump sum received when Mrs Beatrice was retrenched: The lump sum of R1 million received by Mrs Beatrice on termination of her employment is considered a retirement benefit. In South Africa, retirement benefits are subject to tax.
Exam (elaborations)
INCOME TAX LAW LML4804 ASSIGNMENT 1 SEMESTER 2 2023 MEMO
Last document update:
ago
This document contains answers of LML4804, Assignment 1 Semester 2. 
(a)	The lump sum received when Mrs Beatrice was retrenched: The lump sum of R1 million received by Mrs Beatrice on termination of her employment is considered a retirement benefit. In South Africa, retirement benefits are subject to tax.
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