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2021 - Tax 1

This class was created by Brainscape user Ethan Adams. Visit their profile to learn more about the creator.

By: Ethan Adams
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Decks in this class (15)

Week 1 - Basics
How to get to taxable income 1,
What is gross income 2,
What is exempt income 3
12  cards
Week 2 - Received By/Accrued To
Gross income definition 1,
Onus to establish monetary amount 2,
Total amount 3
15  cards
Week 3 - Capital in Nature
Of a capital nature 1,
Taxable capital gains of a company 2,
How to determine intention of the...
14  cards
Week 3 - Residence
Resident vs non res taxation 1,
When is a natural person resident 2,
When is an individual ordinarily ...
24  cards
Week 4 - Exemptions
Local interest exemption for non ...,
Interest withholding tax for non ...,
Local int exemption for residents 3
13  cards
Week 4 - Special Inclusions
Restraint of trade payments must ...,
What is the definition of service...,
What is services rendered accordi...
5  cards
Week 5 - General Deductions
Can you have deductions if you ha...,
Two tests in the general deductio...,
Preamble of s11a 3
15  cards
Week 7 - s23g Deductions
S23g rules for deductions 1,
Apportionment in s23 g 2,
Case law principles on trade expe...
37  cards
Week 8 - Prepaid Exp & Trading Stock
What does s23h say 1,
When can we not apply s23h 2,
S1 definition of trading stock 3
17  cards
Final Exams
Total amount in cash or otherwise 1,
Onus of proving monetary amt 2,
If paid my non monetary means 3
118  cards
Week 9 - Capital Allowances
Moveable property allowances 1,
Immoveable property allowances 2,
Property used directly in manufac...
44  cards
Week 9 - Sale of Depreciable Assets
How to determine tax value 1,
When and what is recoupment 2,
When and what is scrapping allowa...
11  cards
Week 11 - Capital Gains Tax
When is a resident subject to cgt 1,
When is a non resident subject to...,
Four requirements for there to be...
22  cards
Week 12 - Individuals
Format for calculating taxable in...,
Three categories of individuals 2,
Limitations for employees 3
31  cards
List of Transactions
Annuities received 1,
Alimony maintenance rec 2,
Payments rec for services rendered 3
104  cards

More about
2021 - Tax 1

  • Class purpose General learning

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