Capital Allowance Immovable assets- Buildings in Urban Development Zones
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Capital allowances claimable on buildings in Urban Development Zones

CPD Hours: 0.5

Price: R49.00


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Capital allowances claimable on buildings in Urban Development Zones

Presenters : Karen van Wyk GTP(SA)

This webinar on demand is part of a series of webinars. Click here to read more


OUTCOMES OF TOPIC
After studying this topic related to capital allowances on immovable assets, you should be able to:
✓ Determine when an allowance in terms of section 13(1) may be claimed for manufacturing buildings;
✓ Calculate a capital allowance in terms of section 13(1) for manufacturing buildings;
✓ Determine when an allowance in terms of section 13quin may be claimed for commercial buildings;
✓ Calculate a capital allowance in terms of section 13quin for commercial buildings;
✓ Determine when an allowance in terms of section 13sex may be claimed for residential buildings;
✓ Calculate a capital allowance in terms of section 13sex for residential buildings;
✓ Determine when an employer could qualify for an allowance in respect of the sale of low- cost residential units in terms of section 13sept;
✓ Calculate a capital allowance in terms of section 13sept in respect of the sale of low-cost residential units;
✓ Determine when an allowance may be claimed for buildings in urban development zones in terms of section 13quat;
✓ Calculate a capital allowance in terms of section 13quat for buildings in urban development zones; Complete the “Tax Computation” section on the ITR14 return in respect of non-deductible depreciation/ amortisation for accounting purposes;
✓ Complete the “Tax Computation” section on the ITR14 return in respect of non-taxable / non-deductible fair value gains/losses in the Statement of Profit or Loss and Other Comprehensive Income;
✓ Complete the “Tax Computation” section on the ITR14 return in respect of the applicable capital allowance in terms of the Income Tax Act.
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