Page 171 - SAIT Compendium 2016 Volume2

NUMBER DATE NAME/SUBJECT SECTION OF INCOME TAX PAGE ACT
62 30 March Broad-based employee share plan Sections 8B, 10 (1) (nC) and 11 532 2011 (lA)
55 (Issue 2) 30 March Taxation of directors and employees on Section 8C and 10 (1) (nD), para. 499 2011 vesting of equity instruments 11A of Fourth Schedule and para. 2
(a) of Seventh Schedule
43 (Issue 5) 17 February Circumstances in which certain amounts Section 9C 413 2014 received or accrued from the disposal of
shares are deemed to be of a capital nature
24 (Issue 3) 4 February Public bene t organisations (PBOs): Section 10 (1) (cN) 358 2014 trading rules – partial taxation of trading
receipts
64 (Issue 3) 17 August Income tax exemption: bodies corporate, Section 10 (1) (e) 553 2015 share block companies and management
associations
34 12 January Exemption from Income Tax:
2006 remuneration derived by a person as an
of cer or crew member of a ship
Section 10 (1) (o) (i) de nition 402 of ‘remuneration’ and para. 1 of
Fourth Schedule
16 27 March Exemption from income tax: foreign Section 10 (1) (o) (ii) 240 2003 employment income
66 1 March 2012 Scholarships or bursaries Section 10 (1) (q) and the Seventh 567 Schedule
45 (Issue 2) 10 December Deduction of security expenditure Sections 11 (a) and (e), 18A, 22 436 2014 (8), 23 (b) and (g), 24D and paras.
20 and 53 of Eighth Schedule and
Part II of the Ninth Schedule
28 (Issue 2) 15 March Deductions: home of ce expenses Sections 11 (a), 23 (b) and 23 (m) 382 2011 incurred by persons in employment or
persons holding an of ce
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
60 10 January Loss on disposal of depreciable assets Sections 11 (o), 20B and 24M 522 2011
47 (Issue 3) 3 November Wear-and-tear or depreciation allowance Section 11 (e) 440 2012
51 (Issue 3) 22 July 2014 Pre-trade expenditure and losses Section 11A 476
2 (Issue 3) 17 March Foreign dividends – deductibility of Section 11C 166 2009 interest
50 28 August Deduction for scienti c or technological Section 11D 460 2009 research and development
9 (Issue 5) 14 October Small business corporations Section 12E 202 2009
20 (Issue 6) 27 November Additional deduction for learnership Section 12H 348 2015 agreements
33 (Issue 4) 22 July 2014 Assessed losses: companies: the trade and Section 20 (1) (a) 395 income from trade requirements
65 (Issue 2) 5 February Trading stock – inclusion in income Section 22 (8) 560 2014 when applied, distributed or disposed of
otherwise then in the ordinary course of trade