Price:
R476.10 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
120 Minutes
Additionals:
R476.10 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
120 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
This lesson covers the following:
• What constitutes farming operations, as well as the concept of farming income
• Overview of the general tax rules that remain applicable to farming operations
• Special tax provisions applicable to farming operations
o Deductions granted and the determination of taxable income from farming
o Valuation of livestock and produce for tax purposes
o Ringfencing provisions
o Ceasing farming operations
• Brief overview of the VAT and Diesel rebate available for farming operations
• What constitutes farming operations, as well as the concept of farming income
• Overview of the general tax rules that remain applicable to farming operations
• Special tax provisions applicable to farming operations
o Deductions granted and the determination of taxable income from farming
o Valuation of livestock and produce for tax purposes
o Ringfencing provisions
o Ceasing farming operations
• Brief overview of the VAT and Diesel rebate available for farming operations