Section 6quat updated
| 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 |