Individuals Tax
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Capital Allowances: Moveable assets Series

CPD Hours: 2

Price: R176.40


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Title / Topic

Capital Allowances: Moveable assets Series


Capital Allowances: Moveable assets Series

What's Included:

The tax considerations related to small business corporations

OUTCOMES OF TOPIC After studying this topic in relation to capital allowances on movable assets, you should be able to: ✓ Understand what is meant by “movable assets”; ✓ Understand the term “small busines s corporation (SBC)” and be able to evaluate whether a business meets the requirements to be classified as a SBC; ✓ Calculate accelerated capital allowances for a SBC in terms of section 12E; ✓ Understand the term “process of manufacturing”; ✓ Calculate capital allowances in terms of section 12C; ✓ Identify when wear and tear in terms of section 11(e) is applicable; ✓ Identify when an asset may be claimed in full in terms of section 11(e) and the SARS Private General Ruling No.7; ✓ Calculate the capital allowance in respect of moving costs in terms of section 11(e) and section 12C; ✓ 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 the applicable capital allowance in terms of the Income Tax Act.


0.5 Hours | R49.00
Karen van Wyk GTP(SA)

Manufacturing asset allowances

OUTCOMES OF TOPIC After studying this topic in relation to capital allowances on movable assets, you should be able to: ✓ Understand what is meant by “movable assets”; ✓ Understand the term “small busines s corporation (SBC)” and be able to evaluate whether a business meets the requirements to be classified as a SBC; ✓ Calculate accelerated capital allowances for a SBC in terms of section 12E; ✓ Understand the term “process of manufacturing”; ✓ Calculate capital allowances in terms of section 12C; ✓ Identify when wear and tear in terms of section 11(e) is applicable; ✓ Identify when an asset may be claimed in full in terms of section 11(e) and the SARS Private General Ruling No.7; ✓ Calculate the capital allowance in respect of moving costs in terms of section 11(e) and section 12C; ✓ 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 the applicable capital allowance in terms of the Income Tax Act.


0.5 Hours | R49.00
Karen van Wyk GTP(SA)

Wear and tear allowances

OUTCOMES OF TOPIC After studying this topic in relation to capital allowances on movable assets, you should be able to: ✓ Understand what is meant by “movable assets”; ✓ Understand the term “small busines s corporation (SBC)” and be able to evaluate whether a business meets the requirements to be classified as a SBC; ✓ Calculate accelerated capital allowances for a SBC in terms of section 12E; ✓ Understand the term “process of manufacturing”; ✓ Calculate capital allowances in terms of section 12C; ✓ Identify when wear and tear in terms of section 11(e) is applicable; ✓ Identify when an asset may be claimed in full in terms of section 11(e) and the SARS Private General Ruling No.7; ✓ Calculate the capital allowance in respect of moving costs in terms of section 11(e) and section 12C; ✓ 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 the applicable capital allowance in terms of the Income Tax Act.


0.5 Hours | R49.00

Income Tax treatment of moving costs

OUTCOMES OF TOPIC After studying this topic in relation to capital allowances on movable assets, you should be able to: ✓ Understand what is meant by “movable assets”; ✓ Understand the term “small busines s corporation (SBC)” and be able to evaluate whether a business meets the requirements to be classified as a SBC; ✓ Calculate accelerated capital allowances for a SBC in terms of section 12E; ✓ Understand the term “process of manufacturing”; ✓ Calculate capital allowances in terms of section 12C; ✓ Identify when wear and tear in terms of section 11(e) is applicable; ✓ Identify when an asset may be claimed in full in terms of section 11(e) and the SARS Private General Ruling No.7; ✓ Calculate the capital allowance in respect of moving costs in terms of section 11(e) and section 12C; ✓ 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 the applicable capital allowance in terms of the Income Tax Act.


0.5 Hours | R49.00
Karen van Wyk GTP(SA)

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