Moving Costs
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Income Tax treatment of moving costs

CPD Hours: 0.5

Price: R49.00


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Income Tax treatment of moving costs

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 in relation to capital allowances on movable assets, you should be able to:
✓ Understand what is meant by “movable assets”;
✓ Understand the term “small business 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.
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