Capital gains tax - Study guides, Study notes & Summaries

LML4804 ASSIGNMENT 02 SEMESTER 02 ANSWERS DUE 25 SEPTEMBER 2024 INCOME TAX LAW: LML4804 ASSIGNMENT (03): Compulsory assignment - Written • This assignment has to reach UNISA by 25 September 2024. • Your answer must not exceed ten (10) typed pages. Pages in excess of the limitation will not be marked. This excludes the cover page, table of contents and the plagiarism declaration if any. • This assignment counts 15 per cent towards your final mark. QUESTION 1 (CAPITAL GAINS TAX) Ms....

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 Assignment 3 (VERIFIED ANSWERS) Semester 2 2024 (803378) - Due 25 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us.. QUESTION 1 (CAPITAL GAINS TAX) Ms. Kru, a South African resident worked for O Insure (Pty) Ltd (“O Insure”) as a specialist for 15 years. As a result of the Covid-19 pandemic that hit the world, O Insure decided to retrench her team including Ms. Kru. She was given a severance package of R5 million. Ms. Kru is marr...

FAC3702 ASSIGNMENT 1 SEMESTER 1 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . FAC3702/2024/S1 2 KipKor Ltd is a sports shoe manufacturing company, situated in Mamelodi, Gauteng. The company has a 31 December year end. The following details relate to the assets of KipKor Ltd: Machine On 1 July 2022 Kipkor Ltd purchased a machine for an amount of R500 000. Included in the purchase consid...

PINV05B Assignment 2 (DETAILED ANSWERS) 2023 () - DUE 30 August 2023, 8:00 AM 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25477 954 0132 . ASSIGNMENT 02 DUE DATE: 30 August 2023, 8:00 AM UNIQUE NUMBER: Unless otherwise indicated, you are required to give full reasons for your answers. 1 On 29 June 2021, Manufacturing Ltd purchased a new R2million (excluding VAT) machine for its manufacturing process and immediately put it to work (i.e. brou...

TAX2601 Assignment 5 (ANSWERS) Semester 1 2023 (), Whats app 0 for private documents from R99. QUESTION 1 (30 marks) You are a junior tax consultant at Easy Tax, a firm performing accounting and tax related services for its clients. You are currently assigned to the client SA Metals (Pty) Ltd (“SA Metals”) and your manager has asked you to complete the income tax liability calculation of the company. You obtain the following information about the company: SA Metals is a South African compa...

TAX2601 ASSIGNMENT 5 SEMESTER 1 OF 2023 [] REQUIRED: Calculate the normal tax liability of SA Metals (Pty) Ltd for the year of assessment ending 31 March 2023. Start your answer with the taxable income of R12 653 000 and provide brief reasons where amounts are not taxable or not deductible. SA Metals has elected the section 11(o) scrapping allowance, where applicable. Ignore all capital gains tax consequences.

LML4804 Assignment 3 (COMPLETE QUESTIONS & ANSWERS) Semester 2 2024 (803378) - DUE 25 September 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... QUESTION 1 (CAPITAL GAINS TAX) Ms. Kru, a South African resident worked for O Insure (Pty) Ltd (“O Insure”) as a specialist for 15 years. As a result of the Covid-19 pandemic that hit the world, O Insure decided to retrench her team inc...

Multiple-Choice Questions (MCQs) for Hospitality Students Theory Questions: 1. What is the primary residence exclusion in South African capital gains tax? o A) R2 million exclusion on any capital gain. o B) R2 million exclusion only on properties valued over R5 million. o C) R1.5 million exclusion on any capital gain. o D) R300,000 exclusion on properties under R2 million. 2. Which of the following is considered a "capital asset" under South African tax law? o A) A company’s inventor...

This document contains workings, explanations and solutions to the LML4804 Assignment 3 (QUALITY ANSWERS) Semester 2 2024. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4..QUESTION 1 (CAPITAL GAINS TAX) Ms. Kru, a South African resident worked for O Insure (Pty) Ltd (“O Insure”) as a specialist for 15 years. As a result of the Covid-19 pandemic that hit the world, O Insure decided to retrench her team including Ms. Kru. She was given a severance package of R5 million. Ms. Kru is marri...