Page 169 - SAIT Compendium 2016 Volume2

NUMBER DATE NAME/SUBJECT SECTION OF INCOME TAX PAGE ACT
58 (Issue 2) 4 October The Brummeria case and the right to use Section 1 de nition of ‘gross 507 2012 loan capital interest free income’
59 10 December Tax implications of the receipt or accrual Section 1, De nition of ‘gross 513 2010 of government grants and government income’, ss 10 and 23 (n)
scrapping payments
60 10 January Loss on disposal of depreciable assets Sections 11 (o), 20B and 24M 522 2011
62 30 March Broad-based employee share plan Sections 8B, 10 (1) (nC) and 11 532 2011 (lA)
63 (Issue 2) 12 August Rules for the translation of amounts Sections 1, 6quat, 9A, 9D (6), 9G 537 2015 measured in foreign currencies and 25D
64 (Issue 3) 17 August Income tax exemption: bodies corporate, Section 10 (1) (e) 553 2015 share block companies and management
associations
65 (Issue 2) 5 February Trading stock – inclusion in income when Section 22 (8) 560 2014 applied, distributed or disposed of otherwise
then in the ordinary course of trade
66 1 March 2012 Scholarships or bursaries Section 10 (1) (q) and the Seventh 567 Schedule
67 (Issue 2) 14 February Connected persons Section 1 (1), de nition of 572 2014 ‘connected person’
69 12 February Game farming Section 26 and First Schedule 591 2013
71 14 March Long service awards Paragraphs 2 (a), 5 (2) (b), and 5 604 2013 (4) of Seventh Schedule
72 22 March Right of use of motor vehicles Paragraph 7 of Seventh Schedule 609 2013
73 24 April 2013 Tax implications of rental income from Sections 11 (a), 11 (e), 20 (1), 23A 625 tank containers and 25D
74 6 August Deduction and recoupment of expenditure Sections 11 (d) and 8 (4) (a) 631 2013 on repairs
75 (Issue 2) 22 September Exclusion of certain companies and shares Sections 1 and 41 (1) 635 2014 from ‘group of companies’ as de ned in
section 41 (1)
76 26 February 2014
Tax treatment of tips for recipients, employers and patrons
Section1(1) - de nition of the 638 term ‘gross income’ Fourth
Schedule - paragraph 1 de nitions
of ‘remuneration’, ‘employer’,
‘employee’, ‘provisional taxpayer’; paragraph 2(1)
77 4 March 2014 Taxable Bene t: Use of employer- provided telephone or computer
equipment or employer-funded telecommunication services
Paragraph 2(b), (e) and (h); 647 Paragraphs 6, 10 and 31(1) of the
Seventh Schedule
78 29 July 2014 Allowance for future expenditure on Section 24C 654 contracts
79 22 September Produce held by nursery operators Sections 25, 25C and 26; 669 2014 Paragraphs 2, 3, 4 and 9 of the First
Schedule; Paragraphs 40 of the Eighth Schedule
80 5 November The income tax treatment of stolen money Section 1(1) - de nition of ‘gross 675 2014 income’
Section 11(a), (c); Section 23(c), (g);