Local and foreign passive income earned by residents


Duration: 0.5 Hour

Price: R49.00

Video Type: Single

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Local and foreign passive income earned by residents

Duration: 0.5 hour

Price: R49.00


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Local and foreign passive income earned by residents


OUTCOMES OF THIS KNOWLEDGE UNIT
After studying this knowledge unit, you should be able to:
✓ Understand what the term “passive income” means
✓ Understand the various local passive income streams and the tax implication of each type of income stream
✓ Understand the various foreign passive income streams and the tax implication of each type of income stream
✓ Understand the nature of rental income and, even though it could be classified as passive income, understand why it could also be included as “trade income”
✓ Understand the tax consequences of letting of fixed property by persons married in community of property
✓ Understand the when rental losses may be ring-fenced
✓ Understand when trust income should be included in an individual’s tax calculation
✓ Understand how passive income is declared on the ITR12 tax return
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