Capital Allowances and Recoupments Course

Price:
R565.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

As a tax professional, learners are immediately confronted with large volumes of detailed tax theory, and struggle to understand how the theory fits into the end goal of preparing tax computations.

This course has been designed to develop a foundation of simple application upon which the complexities of taxation can be built at a later stage. The approach to this webinar is practical rather than theoretical.

Topics Discussed:

  1. Repairs – section 11 (d)
  2. Wear and tear allowance – section 11 (e)
  3. Interpretation note No 47 & Binding general ruling No 7
  4. Structures and works of a permanent nature
  5. Special depreciation allowance
  6. Three year write-off
  7. Four year write-off
  8. Five year write-off
  9. Small Business Corporations Building allowances
  10. Building annual allowance – industrial / factory buildings
  11. Commercial buildings
  12. Urban development zone (UDZ) allowance
  13. Deduction in respect of certain residential units
  14. Deduction in respect of sale of low-cost residential units on loan account
  15. Disposal of allowance assets
  16. Allowances in respect of disposal of assets – section 11 (o)
  17. General recoupment provision – section 8 (4)(a)
  18. Deferral of recoupment of building allowances – section 13 (3)