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An introduction to special inclusions in gross income

OUTCOMES OF TOPIC After studying the topic related to special inclusions to gross income you should be able to: ✓ Identify special inclusions in gross income ✓ Identify special inclusions elsewhere in the Income Tax Act vi a paragraph (n) of the section 1 “gross income” definition ✓ Understand which Yes/No questions in the ITR12 tax return relate to special inclusions ✓ Understand where to declare other special inclusions on the ITR12 tax return.


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

The distinction between residents and non-residents in the context of the gross income definition

OUTCOMES OF TOPIC After studying the topic related to gross income you should be able to: ✓ Know the definition of gross income by heart ✓ Be able to explain why case law is important ✓ Understand which of Yes/No que stions in an ITR12 relate to income


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

Local 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 imp lication 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


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

The meaning of capital in nature in the context of the gross income definition

OUTCOMES OF TOPIC After studying the topic related to gross income you should be able to: ✓ Know the definition of gross income by heart ✓ Be able to explain why case law is important ✓ Understand which of Yes/No que stions in an ITR12 relate to income


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

The meaning of received by or accrued to in the context of the gross income definition

OUTCOMES OF TOPIC After studying the topic related to gross income you should be able to: ✓ Know the definition of gross income by heart ✓ Be able to explain why case law is important ✓ Understand which of Yes/No que stions in an ITR12 relate to income


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

The meaning of the amount in cash or otherwise in the context of the gross income definition

OUTCOMES OF TOPIC After studying the topic related to gross income you should be able to: ✓ Know the definition of gross income by heart ✓ Be able to explain why case law is important ✓ Understand which of Yes/No que stions in an ITR12 relate to income


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