Tax Law

We will be able to provide explanation, guidance and advice on the following topics:

  • The liability of tax of individuals, partnerships, companies, close corporations and farming operations.
  • The definition of ‘Gross Income’ in terms of the Income Tax Act.
  • Partial and absolute Income Tax exemptions.
  • The General Deduction Formula which sets out what may and may not be deducted in terms of the Income Tax Act.
  • Special deductions and double deductions.
  • Capital Allowances and Recoupments.
  • Taxation of married couples.
  • The taxable value of fringe benefits.
  • Retirement benefits and the rating formula.
  • The tax treatment of foreign exchange gains and losses as governed by the provisions of section 24 I of the Income Tax Act.
  • Special provisions governing the taxation of income derived under qualifying suspensive or credit agreements.
  • Employee’s tax namely, PAYE and SITE.
  • Liability or exemption to pay provisional tax.
  • Donations Tax.
  • Taxation of the income of deceased and insolvent estates.
  • Taxation of a trust.
  • Capital Gains Tax.
  • VAT and Transfer Duty.

 

What you need to know about Capital Gains Tax

[Title]Capital Gains Tax, “CGT”, is a tax imposed on the capital gains for a year of assessment in respect of an asset disposed of, included in the taxpayer’s taxable income for the year of assessment which is then in question. Read More ...
Posted by Yolande Smith on Tuesday, June 13, 2017 Views: 339