Capital Allowances Claimable on Intangible Assets
Duration: 0.5 hour
Price: R49.00
Title / Topic
Capital Allowances Claimable on Intangible Assets
| OUTCOMES OF TOPIC After studying this topic related to intangible assets, you should be able to: ✓ Understand what is meant by an “intangible asset”; ✓ Determine whether an intangible asset will qualify for a capital allowance; ✓ Understand what is meant by “research and development”; ✓ Identify what is specifically excluded from research and development; ✓ Understand the accounting treatment of an intangible asset; ✓ Understand the accounting treatment of research and development; ✓ Understand the tax treatment of an intangible asset; ✓ Understand the tax treatment of research and development; ✓ Complete the “Tax Computation” section on the ITR14 return in respect of non-deductible depreciation/amortization for accounting purposes; ✓ Be able to properly disclose adjustments related to an intangible asset and complete the relevant sections on the ITR14. ✓ Be able to properly disclose adjustments related to research and development and complete the relevant sections on the ITR14. |